Landlords must take care
The number of people looking to invest in buy-to-let properties has seen a dramatic increase over the past few months. The reasons behind this are house prices in the UK are still around 15% lower than they were 2 years ago, and rental prices are back on the rise as more people are looking to rent rather than buy a house.
Advice is now being given to all private landlords warning them that they must take risk assessment very seriously and keep it at the top of their agenda. An accident to a tenant in rented accommodation can leave the landlord financially liable for the claim, which is why landlords must take care of their let properties to ensure that this does not happen. It is also important to take tenant references in order to keep track of your tenant's previous property history. These two factors can play a key part in landlord's finances. Buy-to-let insurance is vital when letting property as it can protect against financial claims such as damage to the property or liability to a tenant.
News brought to you by Insure My Let Property offering a wide range of landlord insurance products from a panel of leading insurers.
October 28th 2009
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