aba Group Advise Landlords on Insurance Needs as The Buy-to-Let Boom Continues

Buy-to-Let property loans surged by 16% in the past three months as landlords cash in on the inability of young people to buy their own home. This growth has seen the total number of buy-to-let mortgages hit a total of 1.4 million in the UK since records began, according to The Mail Online.

The trend looks set to continue. As such, landlords need to be reminded of the need to put safeguards in place to protect their interests as the market becomes more competitive.

aba Group’s Managing Director Mr Graham Webster states that:

“Landlords should have Property Owners Insurance for a number of reasons; first and foremost, it will cover for damage to the property itself as well as providing Liability Insurance to help cover landlords in the case of claims made by tenants. Legal action is costly and in the event of a successful claim, it can be crippling to those landlords with smaller portfolios. As the market for buy-to-let property has grown, so too have the number of personal injury claims, and awards of around £100,000 are not uncommon” adds Mr Webster.

As more and more people turn to investment properties and buy-to-let properties for their income, they need to understand that they can be at the mercy of the housing market, tenants and unforeseeable events that can disrupt their earnings. aba Group welcome the opportunity to advise landlords and property owners on the subject:

“ Buy to Let Insurance cover can be the difference between getting through the year and having to sell off assets to make up for negative cash flow in the event of something unexpected happening. It’s important that landlords understand what a good insurance policy can offer them, and so we welcome the opportunity to show landlords and property owners alike, what is available and how it can help them” says Mr Webster.

aba Group have extensive experience in the property owner’s insurance market. They provide property owner’s insurance to clients with substantial portfolios of commercial and residential properties as well as providing cover for single properties purchased for investment purposes. They also specialise in providing property owner’s insurance for apartment blocks.

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aba Group Advise Landlords on Insurance Needs as The Buy-to-Let Boom Continues

Buy-to-Let property loans surged by 16% in the past three months as landlords cash in on the inability of young people to buy their own home. This growth has seen the total number of buy-to-let mortgages hit a total of 1.4 million in the UK since



Ker-ching! It's boom time again for buy-to-let
Ker-ching! It's boom time again for buy-to-let

"Landlords need to buy the right property that will provide a steady flow of tenants, minimising void periods. And it's crucial to add up the costs of entering and exiting buy-to-let, with stamp duty, legal fees and estate agency fees all potentially



Buy-to-let boom as number of loans surges 16% in three months
Buy-to-let boom as number of loans surges 16% in three months

The last three months of 2008 saw 38000 loans advanced, amounting to £4 billion. The CML said: 'On both measures, buy-to-let lending was at its highest level since the final quarter of 2008.' CML director general Paul Smee added: 'With tenant demand



Help turn the tide on loan sharks

To book your place call Julie Riseborough on 0845 111 0000 or email julie.riseborough@riverside.org.uk. Riversidealso supports the Brian Shields Trust set up by one of its tenants in memory of her son who hanged himself in the face of crippling loan



Property taps insurance cash

Partnership Insurance agreed to lend residential landlord Grainger £50m (with further loans expected), repayable as and when Grainger's equity-release tenants die, vacating the houses for sale. The average maturity is estimated at 11 years.




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