Insurance News Archive

Younger landlords are 'more responsible'

While experienced landlords might disagree, in the view of the National Landlords Association, younger landlords are the most concerned about their professional duties.

Speaking after recent research showed that a third of all new buy-to-let investors were aged between 26 and 35, a spokesman for the association, Richard Gard, said: "There are a large number of people entering into it [buy-to-let ownership] who do want to be as professional as possible.

"I've noticed that it's the young buy-to-let landlords who are very keen to find out their responsibilities; they realise that they've got responsibilities and they also want to know their rights."

Mr Gard's comments on young landlords' concerns over the importance of tenants' rights follow the government's announcement of the new tenancy deposit scheme.

This new system aims to give tenants more protection from unscrupulous landlords that do not return deposits without good reason.

Under the scheme, landlords will have a choice between handing the deposit over to a third party for the duration of the tenancy or keeping the deposit and paying premiums to insure it against dispute claims.

30 Mar 2007