Insurance News Archive

'Portfolios increasing' for landlords property insurance customers

Landlords property insurance customers have seen their portfolios swell over the last few months, according to a new report.

Data issued by the Association of Residential Letting Agents (ARLA) has shown that shrewd landlords property insurance customers have taken advantage of falling house prices in order to increase their investments.

According to figures released by the organisation, the average number of properties owned by buy to let insurance holders has increased from 6.3 in the final quarter of 2008 to seven during the third quarter of this year.

Ian Potter, operations manager at ARLA, commented: "Low interest rates and proportionately higher rental yields are making the buy to let market attractive again to experienced investors. There is a huge potential for investment at present."

Meanwhile, utilities expert Gareth Kloet recently advised buy to let property insurance holders to make sure that all gas appliances in their homes are safe and to check all relative documents to make sure they are not out of date.

23 Oct 2009