Why do we need landlord insurance?
Landlords are being urged to take out a buy-to-let insurance policy, to ensure that they do not default on their mortgage payments, if they have had trouble receiving rent from there tenants. As the recession continues its firm hold on our finances, landlords are finding that tenants are either struggling on their rent or not paying altogether.
Recent surveys taken out have shown that a high number of landlords do not have the sufficient cover to help protect them from tenants missing rent, meaning that they are missing there own mortgage payments, in worst case scenarios resulting in repossessions.
It only takes three minutes to get a quote for this insurance and will cover for a year of insurance with additional benefits offered to help find the policy that suits any needs.
News brought to you by Insure My Let Property offering rent guarantee a way of ensuring you receive monthly payments.
March 16th 2009
- Buy-to-let investors being declined
- Rent guarantee priceless as increasing tenant numbers fail to pay
- This is now a Class A problem
- Residential landlords warned not to cut let property insurance as way of saving money
- Nottingham landlord fined for breaches in fire safety
- Increase in buy to let mortgage arrears reported by Moodys
- Landlords need to focus on good marketing
- Two months on for the new Tenants Services Authority
- Accidental Landlords warned to take care in the recession
- Buy to let still safe as houses
- Norwich Landlords Guaranteed Rent by City Council