Insurance News Archive

Regulations make it difficult for casual buy to let insurance holders

Posted by Jonathan Walker

There is a lot more for casual buy to let insurance policyholders to consider since the introduction of letting regulations, according to an expert.

Tom Entwistle, director of LandlordZONE.co.uk, said that the legislation brought in recently means that there are lots of complications involved in letting a property on top of considerations like the leasehold.

He said that landlords that are serious about becoming professionals within the buy to let sector are not so affected by these complexities, but it can be a problem for those who are not so experienced.

"For the person that just wants to do it on a casual basis for convenience, then all the additional regulations make it rather difficult," he commented.

Mr Entwistle recommended that anyone considering letting their properties on an informal basis should use a reputable agent.

Recent research by LSL Property Services found that 48 per cent of property investors believe the current buy to let market is an attractive prospect.

29 Apr 2010