Insurance News Archive
Buy to let insurance policyholders 'have increased portfolios'
Written by Jonathan Walker
Buy to let insurance policyholders have increased their property portfolios over the last year, according to the latest research.
A survey by the Association of Residential Letting Agents (Arla) found that buy to let insurance policyholders currently have an average seven properties in their portfolios, up from 6.3 in the past year.
"Low interest rates and proportionately higher rental yields are making the buy to let market attractive again to experienced investors," said Ian Potter, operations manager at Arla.
However, he warned buy to let insurance policyholders not to rush into investment, whether they are experienced or new to the rental market.
He advised buyers to research the market thoroughly and to only borrow what they could realistically afford.
Nevertheless, he insisted there was "huge potential" for investment at the moment.
Meanwhile, Tom Entwistle, editor of landlordZONE.co.uk, has said that proprietors are moving away from housing vulnerable tenants because they are suffering as a result of rents being paid to occupants rather than themselves.
23 Oct 2009
