Insurance News Archive

Experts see more cash for buy to let insurance policyholders

Posted by Michael Brown

There could be a strong rebound in the buy to let market, according to a number of industry figures.

A report by Datamonitor predicted that demand for private rented accommodation could continue until 2014.

If this were to happen, then buy to let lending volumes would reach £25.6 billion in four years' time, up from £8.5 billion in 2009.

Nigel Terrington, chief executive of Paragon, a buy to let lender, told the Times: "The private rented sector needs to expand ... yet it is being inhibited by the lack of available finance."

Lee Grandin, managing director of Landlord Mortgages, agreed, saying that buy to let insurance policyholders could see a positive turn in the market.

"It is very good news that we are able to put a bit more confidence back into buy to let," he added.

This confidence was recently shared by Robin Martin, head of research at Legal and General Property, who said that buy to let insurance policyholders could see excellent returns this year.

14 May 2010