Goldmine for landlords
With the housing market in the current condition it is in landlord s are increasingly looking to expand their portfolios. The current market holds great prospects for those looking to expand their property, with rent prices holding and demand still high finding a tenant is no problem also with housing prices as low as they are and on the rise buying now could almost guarantee profit in the long run.
Figures recently released show that 65 of all buy-to-let properties have been brought in June, which shows that landlords are taking this opportunity by the horns. Although this is not all fields of green for the landlords as they are having to take more precautions with their tenants as the number of tenants not paying rent and in some cases destroying the property is on the rise meaning landlords are finding it financially difficult to keep these properties. One solution to this dilemma is for landlords to insure there let properties and by adding rent cover they can ensure they are protected from these problems.
News brought to you by Insure My Let Property tailoring our policies to suit your needs.
July 01st 2009
- Buy-to-let landlords benefit from growing sales sector
- Buy-to-let property on the rise
- Rents stabilise while buy-to-let prices rise
- Rent falls as supply rises
- Buy-to-let sector reliant on future outlook
- Licence taken from landlord due to unfit property
- Buy-to-let investors are mainly British
- Landlords must have sufficient Let Property Insurance
- Funding that is designed to reduce the risks of buy to let
- Rent prices continue to fall