Insurance for Landlords

With almost 2.5m homes in England being rented from more than half a million private landlords, buying insurance for landlords has become quicker, simpler and often cheaper thanks to increased competition in the insurance market and the launch of web sites that allow landlords to obtain and compare quotes 24 hours a day.

With people buying houses later in life, the proportion of under-30 households renting has grown to 43% compared with 33% in 2001 creates opportunities for landlords of all types of property to find high quality tenants who are looking to rent for long periods of time.

Whether you own a single apartment or flat for rent or have portfolio of rental properties, buying insurance for landlords protects you against losing your capital investment, and can also help protect the income stream you receive through your tenants paying rent.

Buying insurance for landlords protects your investment.

Good landlords attract good tenants
Offering well maintained value for money property to tenants allows landlords to not only be choosy when selecting a tenant, but also leads to reduced problems with good quality tenants staying longer in properties and respecting the landlord and property.

Best practice for Landlords
The landlord is responsible for ensuring that the property is in good order ready for letting, and in most cases during any tenancy. Property that is in good condition, clean and tidy,well decorated and with no defects will let much more easily than a property in a bad state or repair.

Minimum requirements for landlords
As a minimum, every property should have carpets / floor-coverings, curtains and cooking facilities.

Landlords and Taxation
Any income from property in the UK will be liable for UK taxation based on the overall
“profit”. You can deduct costs relating to the let such as mortgage interest, agents fees,
repairs and maintenance (including maintenance contracts such as British Gas 3 star)
Form IR150 (taxation of rents) available from the Inland Revenue provides much more
detailed information.

Save more with Insurance for landlords