Landlords- How to protect yourselves against the economic downturn

November 22, 2011

Landlord Information

if people lose their jobs or the rent is too high to pay this could send them into rental arrears and not paying their landlord anything

As reported in the media the economy seems to be taking yet another tumble around Europe, the UK unfortunately being one of the countries getting hit.

With this there seems to be a domino effect of situations happening, companies are not making much money so wages have remained the same so people are now afraid to spend and are not boosting the economy at all.

Mortgages are a struggle to get for first-time buyers as deposits are too high. So people, at the moment, are resorting to private renting which has seen a massive boom recently.

The domino effect carries on here, if people lose their jobs or the rent is too high to pay this could send them into rental arrears and not paying their landlord anything. This then has an effect on the landlords income sending them down too.

Providing a Landlords rent guarantee insurance could prevent loss of income for landlords. With CIA Insurance landlords legal expenses insurance is also included on the policy protecting landlords just incase a dispute gets taken to court.

Getting covered for up to £2500 per calendar month would hopefully give landlords peace of mind in this economic down turn.

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