The Landlord Blog
The End Of The Home Information Pack
As many of you may have heard, the recent suspension of the necessity to provide lengthy and often costly Home Information Packs or HIPs when choosing to sell a property, has enabled home owners wishing to sell their homes across the UK to once again make it a reality. So how does this fair for the UK housing Market, homeowners, landlords and tenants? Well in a way all are affected directly and indirectly but for the best. By removing an awkward and costly part of selling a property, many homeowners are finding the means to sell their homes, meaning more properties will be made available to first time buy to let landlords and other seasoned landlords and investors.
What this means in the long run is that with the suspension of Home Information Packs which were originally devised only around 3 years ago to provide new home buyers with information on the property they were to purchase, more landlords can invest in properties to provide accommodation for the large number of waiting tenants who are seeking rental properties. Good news all round, as more properties become available for rent, the more opportunities for first time buy to let landlords appear. All this inevitably goes to easing the housing shortage for renting tenants across the UK. Creating a domino effect for other industries such as the insurance sector, with more landlords purchasing landlords home insurance, savings can be made, special deals can be offered and premiums can be kept affordable, competitive and highly beneficial.
Some say HIPs have been attributed to the slump in the housing market over the last few years although the blame cannot be placed solely on them. Recent financial fluctuations across the world, the times of recession, pulling all the banks of the sticky mess they got themselves into and many more factors were also to blame for the many celebrating the end of the HIPs say that original purpose for Home Information Packs and the information they gave was simply what a homebuyer’s solicitor would have checked for when carrying out their duties. However the real reason for HIPs back in the late 90’s in the first place was to speed up the process of buying a house and home.
But for what reason? Cash buyers may have benefitted but mortgage holders and first time buyers still had to wait for surveys and mortgage offers to complete before moving further with their purchase. Therefore there has been much speculation on the original validity of the home information packs and their importance within the housing industry. The choice to begin removing unnecessary red tape cutting out the unwanted rhetoric that has suffocated the UK over the last 20 years or so is a bold and brave move for the new government and one that possibly marks the start of reformation across the board and better, brighter times ahead.
Looking towards the future with a more positive outlook, the landlords and investors of Great Britain prepare to make the most of these beneficial changes.
Residential Landlord Cover – Emergency Assistance
Residential emergency assistance offers you and your tenants the peace of mind that in the event of an emergency such as a burst water pipe, unexpected damage to windows and doors, loss of a resident’s keys and sanitary issues such as blocked drains, you can receive immediate professional assistance and help. At letprotector.co.uk we give you the instant cover you need, when you need it. Protection covered by our residential emergency assistance provides day and night call outs of registered tradesmen, whether it may be a plumber, electrician, joiner or locksmith and offers you up to £500 to easily cover any emergency repair.
Underwritten by Fortis Insurance Ltd, one of the leading insurance brokers, we guarantee that both residents and landlords can rest assured that in event, your policy has you covered. Unlike other insurance policies letprotector.co.uk offer a ‘no limit’ feature on the number of claims you can make, providing you with the safe knowledge that regardless of any previous claims, you will still receive the high level of quality help when required. Aside from an unlimited claims feature, our residential emergency assistance doesn’t require residents to pay any excess towards the cost of the claim and in the majority of incidents, the value of the policy should adequately cover all costs including call out charges, cost of any materials and the standard VAT charges.
One key point to mention here is that there are exclusions to consider such as if the property is unoccupied and there is no tenants residing within the premises, claims cannot be made. We attempt to give you the best protection possible when choosing letprotector.co.uk and so offer you a competitive price for our emergency assistance cover. However such things as cosmetic and decorative replacements, the replacement or repair of central heating equipment, radiators, over head water cylinders and internal door locks are not covered by this plan. These should be covered by the buildings insurance taken out by the landlord or the investor.
Arranging a quote for our residential emergency assistance cover couldn’t be easier. Either applying online or over the telephone, you get a swift decision in minutes and can receive immediate cover as soon as your application is approved. Whatever happens, you want to know that if a domestic emergency was to take place or happen, you would know that you have the urgent assistance you require to hand to avert a crisis. With letprotector.co.uk being one of the most resourceful and expert insurers dedicate to landlords, it is no wonder why so many investors and buy to let mortgage holders use our services.
We take a great deal of time to formulate specific insurance policies designed to offer the best possible policies for you and your tenants, utilising our professional ability resources and experience to bring you first class emergency cover against an array of unexpected happenings. Here at letprotector.co.uk we try to offer the most flexible plan available and do our very best to tailor each of our insurance services to meet your requirements.
Landlords Legal Expenses Insurance
Do you worry about which landlords legal expenses insurance policy to choose or have you even considered the importance of taking out this often vital piece of insurance protection? Well you needn’t worry any further. Here at Letprotector.co.uk we are one of the UK’s leading specialist providers of a diverse selection of landlord insurance policies. So what exactly is landlords legal expenses insurance then? Quite simply, it is an insurance policy that will protect you in the event of an occurrence where you have a claim made against you by a tenant or whereby you need to take legal action against a specific tenant who breaches their tenancy agreement in any way, outlined in the contract or rental agreement that they sign at the very start.
Especially useful when you need to act swiftly to evict bad tenants, you receive the professional assistance and advice necessary with landlords legal expense insurance from letprotector.co.uk. Not only this but with the right legal protection offered by our team of professional underwriters and advisors means that your legal fees can be heavily subsidised in the event of requiring court action to take place. For example if you have a tenant that has repeatedly missed their rent payments or has stopped paying you their weekly or monthly payments, then having the expanded coverage from letprotector.co.uk means that you can fund the legal pursuit of rental arrears. Letprotector understand the circumstances that renting property can bring and cover such awkward situations such as financing the eviction of a person inhabiting you property without official permission.
In a different light, especially being in a position as a landlord or property investor, landlords legal expenses insurance entitles you to legal defence, which will allow you to defend yourself in the event where you face court proceedings. Whether resulting from an omission or act such as neglecting tenants basic needs and requirements which could be anything from providing inadequate heating, failure to repair damage to the property that was not caused by the tenant to various other issues, letprotector.co.uk aim to protect your investment and you. If you are experiencing problems with tax, VAT, National Insurance Contributions or PAYE disputes, discover that you are covered for legal advice and against investigations and enquiries into the financial tax affairs. We work to provide a suitable and highly detailed insurance package to assist you when receiving a court summons or when taking a case to court.
With any additional extra cover that we provide, letprotector.co.uk offer professional and expert advice to ensure that you receive the right care and attention when using our services. Providing access to a legal helpline is a dedicated service that is offered as part of the landlords legal expenses insurance that we underwrite. We always strive to give you first class customer care and remain confident that our expertise and vast resources will help towards reaching a pleasant outcome for you. With free access to legal advice and professional assistance, the legal helpline however can only assist you as far as general advice and is not able to assist with more complex legal matters.
Improved landlords Insurance Cover
We all want a little something extra when searching for the best online deals available and here at letprotector.co.uk we now offer improved landlords insurance cover with optional malicious damage and vandalism cover to ensure terrific protection for landlords who have unoccupied homes and properties, either to lease out to long term tenants or perhaps at certain intervals throughout the year. Letprotector.co.uk is a leading insurance provider forming part of the professional and expert Insurance Protector Group (IPG). Operating an excellent range of policies for landlords and investors alike, at letprotector.co.uk we are the professionals who pull out all of the stops to give you truly affordable and comprehensive insurance protection.
What this means is that whatever condition your investment is in, whether tenanted or unoccupied, furnished or unfurnished and whether you require rental protection insurance and much more, letprotector.co.uk can achieve the perfect insurance solution to meet your demands, criteria and budgets. With improved landlord’s insurance cover now available, customers receive added bonus cover for a small price, enabling complete comprehensive protection against natural disasters, theft, fire, accidental damage and now malicious damage. All this goes to strengthen the already strong reputation of letprotector.co.uk as a name you can trust.
With the gross rise in the number of landlords purchasing properties on buy to let mortgages as secondary incomes, more and more are searching the internet for viable, cost effective and affordable insurances services. Wishing to choose a trusted provider for their niche needs and requirements, many landlords decide upon choosing a specialist insurer over a high street insurer covering anything from travel insurance to life insurance. At Letprotector.co.uk we only focus our efforts towards landlords, buy to let mortgage holders and investors purchasing rental accommodation and properties. Because of this, when you go to receive a quote or discuss your requirements, you can be sure that our professional experience surrounding landlords insurance will mean that you receive a tailored service that will benefit you the most.
No claims are made that we are the cheapest insurance provider of all but when you need to ensure that your investment is properly protected but when you need the right cover there are few companies that offer the same level of care and attention to detail than letprotector.co.uk. Often choosing the cheapest option can become a false economy, leading to you receiving a ‘bare-bones’, limited amount of protection that may include higher excess charges. So what do you get with improved landlords insurance cover? Well, in addition to providing an excellent existing level of cover for a wide selection of landlord’s properties across the UK including property owner’s liability cover of up to £2m, damage to the property due to insurable events such as fire, flooding, subsidence and much more, you can adopt extra cover at any time to include malicious damage or vandalism to your property.
So for that little extra protection for your investment, whether your property is being renovated or refurbished, seek the advice of one of the leading landlord insurers whose improved policies cover unoccupied and tenanted buildings here at letprotector.co.uk today.
