Landlord Insurance
Rightmove forecast increase in landlord market
One of the largest property sites in
the UK, Rightmove have forecast that three quarters of landlords
intend adding to their portfolio and that the number of people
intending to enter the landlord business has increased
substantially.
Whilst the number of new landlords
dropped markedly during the recession, the fact that there is
evidence that house prices are starting to recover as the economy
emerges, albeit sluggardly, from the 5 year financial crisis.
Other reasons include the prospective
increase in the number of people requiring to let property due to
potential influx of EU migratory workers post 2014 and the fact
that new builds are not substantially increasing. Money is also
becoming available for purchasing of buy to let property,
especially for existing landlords or those with adequate finances
to make a deposit. Yields are at a reasonable 5.6%, substantially
more than available by leaving money in accounts.
New landlords will require landlord
insurance and B Portwood &Co Ltd are well placed to offer the
cheapest policies on the market, backed up by well trained staff
brought up to care for their customers. Existing landlords may wish
to roll their insurances up in a single landlord portfolio
insurance, which can cater for multiple properties
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