Landlords feel the strain
As the economic climate takes its effect on households across the UK, residential landlords are feeling the strain as their tenants struggle to pay for their rent.
Landlords across the country have announced their fears that the pressures of money and the condition of the housing market are leaving them with constant worries and a lack of sleep, trying to piece together how they can stay afloat during these hard times; 9 percent of landlords have even cancelled their let property insurance just to ease the strain.
By cancelling let property insurance, tenants and landlords are being put at risk. Leaving their properties open to the elements and putting their reputations on the line. If the property was to feel the effects of a leak, a fire or even a storm tenants would be left out on the streets and landlords would need to fork out extra costs to pay for the damage, leaving them in a worst predicament.
Landlords insurance can be purchased from Insure My Let Property, offering competitive premiums from leading UK let property insurers.
September 16th 2009
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