Landlords may need their buy to let insurance policies for the longer-term, after it emerged that more people may be in rented accommodation for significant periods.
The vast majority of landlord insurance holders were more confident about the buy-to-let market in January than they were at the end of 2011.
Historically low interest rates and the final days of the stamp duty holiday mean that now is a “particularly good time” for landlord insurance holders to secure a new-build property, according to Bovis Homes.
The performance of house prices in the first half of the year will help determine whether lenders ease their mortgage criteria and lend to a greater proportion of homeowner insurance holders.
People with buy to let insurance hoping to make new investments in 2012 are being reassured that house prices will fall this year – and are likely to remain low over the next two years, according to property portal Firstrung.
The limited amount of central London property expected to be put up for sale by commercial property insurance holders this year will cause upward pressure on prices in the capital, according to London Central Portfolio.
It remains “hugely important” for landlord insurance holders that own Scottish properties to ensure their homes are priced competitively, according to claims being made this week.
Property owners with landlord house insurance are currently getting frustrated with the lack of opportunity to borrow from Britain’s banks right now.