Insurance News Archive

Buy to let property insurance customers 'uncertain about market'

Landlords with buy to let property insurance cover are feeling slightly less positive about the outlook for the private rented sector than they were a year ago, according to new research.

Specialist lender CHL Mortgages has revealed the results of its second survey of buy to let insurance policyholders, providing a snapshot of landlords' views on the market as a whole.

The study found that 62 per cent of landlords remain positive about the future of buy to let property, though the figure has fallen from that of six months earlier, when 81 per cent of landlords felt confident about their prospects.

Bob Young, managing director of CHL Mortgages, said: "Given the speculation around the buy-to-let market over the last six months, particularly with regard to the increases in capital gains tax and the potential for FSA regulation, it is perhaps unsurprising that landlords are less sure about the future for the sector than they were six months ago."

Earlier this week, Rick Flay, from Sheffield-based letting agent Belvoir, suggested that now is a good time for buy to let property insurance customers to invest in new property.

04 Aug 2010