Tag Archives: insurance landlord

Buy-To-Let property- Great opportunities to property owners…

October 17, 2011

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Buy-to-let property offers great opportunities to property owners

Anyone getting involved with buy-to-let, anyone being potential property owners and investors, should be aware that by getting involved with buy-to-let can offer great opportunities for high profit yields but it can also come with certain risks.

This is the view of the chairman of the residential landlords association (RLA), Alan Ward, Who has spoke about his belief that demand for buy-to-let property from tenants is still there despite the financial crisis. Mr Ward however has reminded owners that even though there is a need for buy-to-let property insurance risks remain the same in terms of rising and falling property values.

Mr Ward said: “There will always be investors moving in and out of the private rented sector because it enables people to control their financial destiny through investment in housing. But the risks remain the same; values can fall as well as rise, as we have seen”.

It has recently been reported that void periods for the vast majority of properties are virtually non-existent.

RLA- Residential landlords association

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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Energy – Deficient properties may face ban…

September 29, 2011

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Landlords may have five years to upgrade their properties to a minimum energy standard or risk having them banned from the market. If the rental property has an EPC rating of less than E, they would face criminal prosecution if they put the property on the market.

The Minimum energy efficiency standard could be in action for all privately rented homes in 2016, around 30 organisations have tried to action this and are demanding the new law to be introduced. Over 180 MPs have so far supported this overwhelming demand by and early day motion. It is not clear at this time what penalties landlords may face if prosecuted.

The Energy Bill, which includes the Green Deal, has a new clause that outlaws colder rental properties by 2018. Campaigners are not happy with this, they think this may be too late and the Green Deal leaves too much to chance. The campaigners (including environmental campaigners and a child action poverty group) are arguing that the green deal has loopholes, which means that landlords will be given a life line if they undertake the nessessary improvements with finance being made avialable under the green deal. With this they would be able to continue letting the unacceptable, cold properties because the property may not have been improved to the E branding on an EPC.

Another argument  is that tenants could be evicted because improvements have been asked to be made. Campaigners are arguing for a new law to have basic standards of insulation and heating in every private rented property.

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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