The housing market has been an obvious casualty of the Coronavirus lockdown. Yet the desire to move is strong, once the decision has been made. Indeed, as soon as the government announced that people could once again move house, Rightmove buyer enquiries doubled within 24 hours. They were even 4% higher than the same day last year!
It has been reported that one in eight landlords does not have landlord insurance! Whilst most landlords will of course have regular buildings insurance, covering subsidence, storm damage, flooding etc, some policies do not take account of a property being let. In fact, some insurance can be invalid if the insurer has either not been informed that the property has a tenant, or if the insurance specifically excludes tenancies.
There are landlords and there are landlords. Some are what we call “accidental” landlords, who decided to let their property as an alternative to selling. Others are somewhat inadequately regarded as “amateur” landlords, who have a single investment property.
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Sales: email@example.com | Lettings: firstname.lastname@example.org
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