Adequate Insurance is Key

  A house is one of the biggest purchases you will ever make.  Particularly if you are a property investor as you may have many properties within your portfolio.  It is important to make sure you have the relevant cover for all of your properties. Its so easy to overlook the importance of having the right insurance cover.  You need to have buy to let insurance rather than a basic household policy.  If you have a basic policy you will probably not be insured adequately.  This is really taking an unnecessary risk. Landlords Insurance Landlords or Buy-to-Let insurance is quite different from a standard home insurance policy in lots of ways. One key element of cover is the unoccupied property limitations. On a standard home insurance policy this is 30 days. So if you leave your home unoccupied for longer than this, your insurer can refuse to handle a claim. Some companies...
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UK property prices still in retreat

UK property prices remain on a downward curve - news which is likely to get a mixed reception from landlords with buy to let insurance. Those looking to purchase more property to add to their portfolio may consider the latest statistics from Halifax to be an encouragement to get back into the market. Others might fear that falling house prices will give people currently renting the impetus to buy. The latest Halifax House Price Index revealed that house prices last month were 3.7% lower than in 2010 - as measured by the average for the three months to March against the same period a year earlier. Halifax said that this represented the biggest annual fall since October 2009 (-4.7%); Housing economist Martin Ellis said: "Weak confidence amongst households, partly due to uncertainty over the economic outlook, is constraining housing demand and resulting in some downward movement in prices." Looking from a...
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Buy to let landlords offered bigger loans

The latest Landlord Profile Tracking Index (Q1 2011) from buy-to-let and commercial mortgage specialist TBMC highlights a number of developments in the buy-to-let mortgage market.
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