50 tips for renters

We found this on the Martin Lewis Money Saving Expert site and thought it was very useful for Landlords to read also.  Renting rights - you dont need your landlords permission to save money The number of people renting is rising, as are rents in this fiercely competitive market. Dont feel flat (sorry). Our new 50 Renting Tips helps, heres a starter: 1. Renters have a right to switch and save on energy (even prepaid). If you pay the gas & electricity bill directly (not via landlord), you can and should compare and switch. Dont stick with the previous tenants supplier as often its costly. Always do a meter reading as soon as you move in. Speedily find your cheapest tariff: The MSE Cheap Energy Club checks youre on the cheapest, and if not, compares across the market to find it (check the top picks tab for fixed deals which...
Rate this blog entry:
Continue reading
9468 Hits
0 Comments

A guide to home insurance

    With the economy in turmoil, it’s wise to protect your belongings in any way you can. This might mean taking out home insurance with a well-known company – so let’s find out more.   What is home insurance? Home insurance – also known as hazard insurance or homeowner’s insurance (HOI) – is a type of property insurance. It covers private homes and can safeguard your investment from a wide range of problems and incidents including damage, theft and loss of contents. There are many different policies available, but at least one of the people named on the contract has to live at the property. What does building insurance cover? Buildings insurance can protect your abode from factors that are completely out of your control such as fires, floods, burst pipes or third-party vandalism. It will put your mind at ease if an emergency occurs and will give you the financial support...
Rate this blog entry:
Continue reading
1111 Hits
0 Comments

Choosing the right home insurance policy

  Home insurance can be a minefield of terms and jargon that can make the decision of which policy to invest in a real dilemma.  This needn’t be the case if you understand a few simple key tenets of what home insurance actually consists of; if you understand the concept in broad terms you can then decipher the minutiae of contents, gadgets or buildings insurance. Sites like Endsleighs are particularly handy when learning the ropes of home insurance.  They separate the two important categories – contents and buildings insurance – then subdivide accordingly. You may choose both contents and buildings insurance or you may choose specialised/tailored versions of one or the other.  Gone are the days when brokers would offer generic packages where the policy holder was never entirely sure what they were covered for. Contents insurance tends to be the most diverse of the policies and you’ll find that...
Rate this blog entry:
Continue reading
916 Hits
0 Comments

Buy-to-let buildings insurance: the basics

If youre a landlord, its crucial that you buy the right buildings insurance to protect your investment. Take a look at our guide to get the lowdown on this type of cover and how it works. What is buildings insurance? Buildings insurance offers financial protection for the structure of your property, as opposed to its contents. Its designed to pay out in the event of circumstances outside of the landlords or tenants control resulting in damage to the building. What does it cover? The terms of each product vary depending on each insurer, but a typical landlords building insurance policy will cover damage arising from: • Natural disasters such as storms, earthquakes and floods (although exceptions apply in flood-risk areas - see below) • Fire • Landslip or subsidence (again, there are exceptions to this) • Escape of water • Attempted or successful theft • Falling trees/branches What if the property is...
Rate this blog entry:
Continue reading
941 Hits
0 Comments

UK Flooding

Our thoughts go out to everybody who has been affected by the flooding that’s going on in the UK at the moment. As a landlord it makes you think about whether you are adequately insured on all your properties. It also makes you think about the location of your portfolio and whether the properties are within possible flood areas. Make sure you read the survey report thoroughly when you receive it.
Rate this blog entry:
Continue reading
648 Hits
0 Comments

Preparing your home for the worst of the floods

The sun is shining at the moment, but with record amounts of rainfall throughout the UK in April and June, householders are likely to remember the summer of 2012 for all the wrong reasons. All over the country, freak storms and flash floods have caused vast amounts of damage to thousands of properties, causing great distress and expense to their owners. The average insurance claim for flood damage can run to tens of thousands of pounds. While appropriate buildings insurance will cover most if not all of the financial burden to home owners, the trauma and stress of the subsequent clean-up operation, which may take several months, mean that it is much better to try to avoid being flooded in the first place. It would be nice to think that following the wettest beginning to a summer for over 100 years, the worst was over. However, July has started in...
Rate this blog entry:
Continue reading
561 Hits
0 Comments

Landlord Insurance

Being a landlord can be a great way to make yourself a bit of extra cash in the short term and provide you with a little bit extra when you come to retire. Many go into the business of property with this dream but do not consider the costs that come with being a landlord. This is where landlords insurance comes in handy as it can cover you against all possibilities where you could come across financial problems. There are a wide variety of landlords insurance policies such as landlords buildings insurance out there, each ranging in price so it is important to pick out the right one for you and your situation. Landlords insurance will cover a wide range of situations under which your property may be damaged or you may find yourself out of pocket. Say your property was damaged by a fire or a flood, your tenants would...
Rate this blog entry:
Continue reading
1230 Hits
0 Comments

Five Ways to protect your property

Your property is vulnerable to a range of ills, from those inflicted by nature to more intentional and insidious instances of human malevolence in the form of burglars. Either way, it’s wise to be constantly aware of the dangers lurking out there that are liable to strike at any time, and not to let your guard down, especially at night and when going away for a while.
Rate this blog entry:
Continue reading
428 Hits
0 Comments

Are you properly insured?

Property values in the UK fell slightly for the first part of 2011 (Nationwide indicated an average fall of 1.3%, Halifax a fall of 3.7% and the Land Registry a fall of 2.3% for the same period). With fewer first time buyers entering the market. According to the Council of Mortgage Lenders property investors took out 27,600 buy to let mortgages (totalling £2.9 billion) in early 2011 which was 3.5% lower than loans taken out in the last quarter of 2010 (11% fall in overall mortgage lending in the first part of 2011).
Rate this blog entry:
Continue reading
895 Hits
0 Comments

Tenant demand will stay strong

Landlords may be reassured to hear that one industry expert believes that tenant demand for rental properties is likely to stay strong for a number of reasons.
Rate this blog entry:
Continue reading
864 Hits
0 Comments

Top Ten Tips For Renting your property in the UK

Purple Cow properties give top 10 tips for renting your property quickly in the UK.
Rate this blog entry:
Continue reading
755 Hits
0 Comments

New University Year! Make sure your Landlord Insurance is up to scratch.

The new university year is upon us. In no time at all it will be Freshers week, where thousands of students hit the bars and clubs in your local area. From drinking games to pub crawls, anything goes during this week of alcohol fuelled madness. Will your landlord insurance cover you when they bring the party back to your home? Freshers week can be a worrying time for landlords, because they have probably been there themselves, and know exactly what goes on. Its three oclock in the morning and the students are making their way out of the clubs and the only place left to go is home. After a night of Buy One, Get Two Free and £1 a Shot drinks promotions, nobody wants the party to stop. Its their first time away from home and your tenant has made a lot of new friends, so when they invite ten...
Rate this blog entry:
Continue reading
1763 Hits
0 Comments