Latest Insurance News
Buy to let property insurance: Coastal areas 'have a lot going for them'
01 Sep 2010
Buy to let property insurance policyholders have a lot to benefit from purchasing a coastal home, an expert has suggested.
Nick Marr, director of the Little House Company, has said that the location of a property of this type can often overrule any negatives about the house.
Despite this, he warned that buying a coastal property can actually result in a number of negative consequences for those looking at buy to let property insurance.
He said that many insurers value properties without taking the fact they are in unique environments, such as on a waterside, into account.
"The desirability of [a] location can sometimes be missed, leaving the vendor with an undervaluation," Mr Marr explained.
The views are the key aspect which drives up this type of property's attractiveness, as they are ever-changing and can be the top agenda for a great many buyers.
Recent figures published as part of Halifax's Seaside Town Quality of Life report found that Sandbanks has retained its top spot as the most expensive seaside town, with Bexhill-on-Sea offering the best quality of life.
Posted by Judith Stevenson
