UK rental market to thrive during the economic downturn

Even with fewer buy-to-let mortgages being offered the lettings sector looks set to continue booming according to latest figures from the Council of Mortgage Lenders (CML) and the Royal Institute of Chartered Surveyors (RICS).

New data from the CML showed that buy-to-let lending fell in the first half of 2008 as the same constraining conditions affecting the wider market take hold on lending criteria.

However the latest survey form RICS showed that the new instructions to let have increased at the fastest pace since the surveys began.

Both the CML and RICS view the buy-to-let market with optimism with high demand for rental property underpinning the market for the foreseeable future.

And with new properties coming to the market it is essential that these new landlords have the correct let property insurance in place rather than a standard house insurance policy.

At insuremyletproperty.co.uk you can get a comparative quotation for let property insurance with the ability to get instant cover online.

22/09/2008 10:23:13