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Buy to let insurance holders 'should make allowances for redundancies'
09 Feb 2010
Posted by Michael Brown
A good buy to let insurance policyholder recognises the fact that people can lose their jobs and makes allowances for that, according to an expert.
Tessa Shepperson, solicitor at LandlordLaw.co.uk, said that buy to let insurance policyholders ought to continue to show sympathy for tenants' difficulties beyond the economic downturn.
"People don't only lose their jobs in a recession; people can lose their jobs at any time," she explained.
Ms Shepperson said that if buy to let insurance policyholders do occupants a favour, then tenants are likely to look more favourably on their landlord and give something back in return.
However, she acknowledged that there are some occupants that are just difficult and landlords have no choice but to evict them.
"There are some tenants who don't keep you informed, they just don't pay, they don't answer," she commented.
Her comments follow research from easyroommate.co.uk which found that the number of landlords attempting to remove their tenants has decreased by 11 per cent since the third quarter of 2008.
