State Benefits – Could you live on them?
3 May 2013
Fraudulent mortgage applications on the rise again
15 May 2013
State Benefits – Could you live on them?
3 May 2013
Fraudulent mortgage applications on the rise again
15 May 2013

Buy to let BirminghamThe last year or so has again been a good one for the buy-to-let sector, with most existing landlords expecting the trend to continue in 2013.

Not only have the problems faced by first-time buyers helped to fuel demand, but there also continues to be a lack of available housing.  For example, the Joseph Rowntree Foundation set out that 750,000 new homes are required by 2015 to meet demand; a figure that they feel will be missed by a long way. (Source: Sept 2012 press release)

More Landlords

So it’s not surprising that 41% of existing landlords believe tenant demand will rise in 2013, with just 6% feeling that it will go the other way*, which is good news for the new landlords that are likely to be entering this sector. (Source: *paragon, Q4 2012 survey)

How we can help

If you need to raise funds for your buy-to-let purchase(s), then do talk to us. Additionally, we can assist with your insurance requirements too. This area can be quite complicated as some policies may be fairly selective about the type of tenant it covers, or have different terms when the property is vacant.

Furthermore, there are more specialised policies such as “rent guarantee insurance”, which could be combined with legal expenses cover, should there be a dispute with a tenant.

Do get in touch to find out more.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the costs of the mortgage.

The value of your Buy-to-Let property and income from it can go down as well as up.

You may also require advice on the legal and tax issues.

The Financial Conduct Authority does not regulate legal and taxation advice, and most Buy-to-Let mortgages.

As with all insurance policies, terms, conditions and exclusions will apply.