Insurance News Archive

28% of buy to let insurance holders 'will expand portfolios'

Posted by Jonathan Walker

Nearly a third of buy to let insurance policyholders intend to expand their portfolios in the next 12 months, according to research.

A survey by LSL Property Services found that nearly half of property investors believe the current buy to let market is an attractive prospect.

However, on average just 13 per cent of buy to let insurance policyholders reported that they were able to access mortgages in the past year.

The research found that 11 per cent of small-scale landlords were able to get their hands on financing, compared to 23 per cent of large-scale operators.

In addition, 61 per cent of buy to let owners said they had found it harder to get a mortgage than three years ago, with 28 per cent saying it was much more difficult to get a loan.

The government's Leasehold Advisory Service recently confirmed that it had seen a greater number of people seeking advice from its team of specialist advisers than ever before.

28 Apr 2010