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Staying put in a long term let is still a trend with 59% of renters staying for 5 or more years in the same property
Richard Burgess, Director, Cover4LetProperty
It is interesting that whether a tenant is allowed a pet has become has become a priority
Richard Burgess, Director at Cover4LetProperty
Hopefully this research will give landlords some ideas on where to focus their efforts when buying and running a let property
Richard Burgess, Director at Cover4LetProperty
Our latest study highlights that when it comes to rental properties, there has been a slight shift in priorities over the last 6 months, with the cost once again being the most important consideration for prospective renters
Richard Burgess, Director at Cover4LetProperty
We are warning landlords not to make insurance claims for small amounts – as the loss of NCD could see the cost of their cover rise by around 20%
Richard Burgess, Director at Cover4LetProperty
With our policies - and typically some of those offered by other providers too – a 20% NCD is automatically deducted from the cost of the annual premiums
Richard Burgess, Director at Cover4LetProperty
In the event a successful claim is made on a policy, however, then at renewal, the new cost will not include the no claims discount – meaning the premiums will appear to increase quite dramatically
Richard Burgess, Director at Cover4LetProperty
If you need to make a landlord insurance claim, contact your broker first for advice
Richard Burgess, Director at Cover4LetProperty
As a landlord, having a good tenant – i.e one who pays their rent on time and looks after the property - is a tenant you want to hang on to. In that vein, we wanted to find out why tenants in the PRS move, to see if the decision to remain or stay could be influenced by the landlord
Richard Burgess, Director at Cover4LetProperty
Our new infographic highlights all the reasons why tenants move, including their age band, income and gender
Richard Burgess, Director at Cover4LetProperty
Our research has revealed that over a quarter of the adult population (28%) are living in private or social rented property – this is a 16% decrease since May 2013
Richard Burgess, Director at Cover4LetProperty
The amount of renters has dropped by 16% since 2013 according to our study
Richard Burgess, Director at Cover4LetProperty
Nearly a quarter (24%) of Brits living at home do not pay rent
Richard Burgess, Director at Cover4LetProperty
This updated survey shows how the internet has taken over the grapevine when people are looking for a rental property – a true reflection of how much technology is part of our lives
Richard Burgess, Director at Cover4LetProperty
. It seems that blokes still tend to trust their mates more as opposed to their female counterparts, with a quarter of all male renters also using recommendations
Richard Burgess, Director at Cover4LetProperty
It is really interesting to see how property ownership and rental trends have changed over the last three years
Richard Burgess, Director at Cover4LetProperty
the biggest change is the number of people now aspiring to buy their own home, which to me suggests a renewed confidence in the economy
Richard Burgess, Director at Cover4LetProperty
Of course, there will always be a market for privately rented properties. As our data shows, at any one time, over three quarters of Brits live, or have lived, in a private rented property
Richard Burgess, Director at Cover4LetProperty
Our latest study highlights that when it comes to rental properties, there has been a slight shift in priorities over the last 6 months, with both the money and location equally important to prospective renters
Richard Burgess, Director at Cover4LetProperty
It is also interesting that ease of parking has become a priority over having a garden
Richard Burgess, Director at Cover4LetProperty
Hopefully this research will give landlords some ideas on where to focus their efforts when buying and running a let property
Richard Burgess, Director at Cover4LetProperty
While it is the responsibility of a landlord to ensure that the boiler is serviced annually - and an obligation under their landlord insurance policy - our research highlighted that one in ten tenants said their boiler was last serviced was over a year ago
Richard Burgess, Director at Cover4LetProperty
Our study also showed that just 17% of tenants were aware of the new legislation from April 2016 relating to energy performance ratings
Richard Burgess, Director at Cover4LetProperty
While we specialise in helping landlords with protecting their property portfolios, we urge them to understand the obligations relating to health and safety, as well as helping their tenants save money on their utility bills
Richard Burgess, Director at Cover4LetProperty
We have recently expanded our UK holiday home insurance portfolio to offer even more choice and increased benefits to our customers
Richard Burgess, Director at Cover4LetProperty
It seemed timely to produce a unique new guide to complement our existing directory of onsite guides
Richard Burgess, Director at Cover4LetProperty
We hope the information within it is useful for people thinking of investing in a UK holiday home
Richard Burgess, Director at Cover4LetProperty
Our study highlights that when it comes to rental properties, it really is still all about the money
Richard Burgess, Director at Cover4LetProperty
while the cost, location and whether the property has a garden remain the top three reasons for choosing a rental property, it is also interesting that getting on with the landlord is something that nearly a third of all renters find important.
Richard Burgess, Director at Cover4LetProperty
We decided to create a useful section of the website where owners of let properties can dip in and dip out to find the information required
Richard Burgess, Director at Cover4LetProperty
The section will be continually expanded with lots of useful guides in a bid to create a free informational hub for landlords
Richard Burgess, Director at Cover4LetProperty
While it is obvious that things like moving to another area or moving to save money would feature highly on the list, it was surprising so many private renters move due to bad neighbours
Richard Burgess, Director at Cover4LetProperty
And while 7% said they moved due to the property being in poor condition, it was refreshing to see that just 2% moved due to not getting on with their landlords
Richard Burgess, Director at Cover4LetProperty
Overall, this study proves that the stereotypical ‘bad’ landlord isn’t the real reason why tenants move – it is mainly due to circumstances outside of the landlords’ control
Richard Burgess, Director at Cover4LetProperty
Our study really proves that when it comes to rental properties, it really is all about location, location, location. It is also interesting that the décor and getting on with the landlord are important considerations as well as being able to have pets
Richard Burgess, Director at Cover4LetProperty
Hopefully this research will give landlords some food for thought on where to focus their efforts when choosing and running a let property
Richard Burgess, Director at Cover4LetProperty
Some policyholders may be unaware that there are certain conditions they need to meet as part of their empty property insurance contract
Richard Burgess, Director at Cover4LetProperty.co.uk
unoccupied property insurance holders should check the ‘exclusions’ section of their policy as well as the ‘conditions’ to ensure that they fully understand what their cover entails and what their obligations are
Richard Burgess, Director at Cover4LetProperty.co.uk
Failure to meet their obligations under their unoccupied property insurance cover could see a claim rejected
Richard Burgess, Director at Cover4LetProperty.co.uk
The infographic highlights what landlords need to look out for before accepting new tenants, as well as once the tenants are in
Richard Burgess, Director at Cover4LetProperty
While some insurers will consider a cultivation of cannabis claim under the malicious damage by tenant section, typically there will be limits, generally up to £5,000
Richard Burgess, Director at Cover4LetProperty
With our policies, a 20% NCD is automatically deducted from the cost of the annual premiums, providing cost-effective, affordable cover
Richard Burgess, Director, Cover4LetProperty
If a successful claim is made, then at renewal, the new cost will not include the no claims discount – meaning the premiums will appear to increase quite dramatically
Richard Burgess, Director, Cover4LetProperty
In cases where the owner-occupier or, in the case of a rented property, the tenant, has an extended absence from their property for a number of consecutive days, their existing buildings insurance may become invalid
Richard Burgess, Director at Cover4LetProperty
Note that when an insurer refers to a property as being “unoccupied” it means that no-one is living there - and not that the property is empty of furnishings and fittings
Richard Burgess, Director at Cover4LetProperty
Policyholders should also be aware that whether covered under their existing policy or a new unoccupied property insurance policy, they will have obligations that need to be met in order to keep the cover valid
Richard Burgess, Director at Cover4LetProperty
While there may be some very rare exceptions to the 30 or 45 consecutive day rule, in most cases, property owners will need to invest in additional protection for this period of un-occupancy
Richard Burgess, Director at Cover4LetProperty
Property owners need to be aware of the damage that trees and their roots can cause – often right under their nose without them realising it
Richard Burgess, Director at Cover4LetProperty
Check you have subsidence cover as part of your policy. You may be surprised to learn that not all buildings insurance policies cover subsidence as standard
Richard Burgess, Director at Cover4LetProperty
Property owners should check that their buildings insurance gives them all the protection they need. Repairs for drain damage and subsidence can easily run in to thousands of pounds - something you will have to pay for yourself unless you have adequate insurance
Richard Burgess, Director at Cover4LetProperty
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Staying put in a long term let still a trend says landlord insurance specialist

Updated data* from landlord insurance specialist Cover4LetProperty  reveals that more than half of all tenants in the private rental sector tend to stay for five years or more in the same property.The eighth in the series of surveys (carried out bi-annually from March 2013 to date) asked how many rented properties the respondent has lived in during the past five years:  · 59% of renters have stayed for 5 or more years in the same property (no change from a year ago); · in October 2013, 15% of males had lived in 4 or more properties in the last 5

Cost is the X-Factor for renters when choosing a property

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that for nearly 4 out of 5 renters, the cost is the most important factor when choosing a property. This is different to 6 months ago, when both the cost of the rental property and the location were equally the deciding factors.The eighth in the series of surveys (carried out bi-annually from March 2013 to date) revisited the factors that influence whether someone will rent a property, and found the following: · 79% of respondents said the cost was the determining factor

Landlords warned not to make small insurance claims

Let property insurance specialists Cover4LetProperty  are warning landlords not to make insurance claims for small amounts – as the loss of any no claims discount (NCD) could see the cost of their cover rise by around 20%.Richard Burgess, Director at Cover4LetProperty, explains: “With our policies - and typically some of those offered by other providers too – a 20% NCD is automatically deducted from the cost of the annual premiums. “In the event a successful claim is made on a policy, however, then at renewal, the new cost will not include the no

New infographic details why tenants leave a private rented property

Landlord insurance specialists Cover4LetProperty  have added a new infographic to their website highlighting the reasons why tenants leave a property in the private rental sector (PRS).Richard Burgess, Director at Cover4LetProperty, says: “As a landlord, having a good tenant – i.e one who pays their rent on time and looks after the property - is a tenant you want to hang on to. In that vein, we wanted to find out why tenants in the PRS move, to see if the decision to remain or stay could be influenced by the landlord.”  The study* showed that in the

Nearly one in five private renters move due to bad property condition

New data* from landlord insurance specialists Cover4LetProperty  reveals that nearly one in five private tenants have moved due to the bad condition of their rental property.The survey wanted to find out the reasons why a private tenant typically moves from one rented property to another and to see whether the move is influenced by the landlord and / or the property, or by other circumstances. The study showed that in the last 5 years, 50% of respondents have moved from one rented property to another because of the following reasons … · nearly a

Property rentals decrease as more people become homeowners

Updated research* from landlord insurance specialists Cover4LetProperty  has revealed that over a quarter of the adult population (28%) are living in private or social rented property – this is a 16% decrease since May 2013.This supports the recent government study  that highlights how homeownership levels have risen year-on-year for the first time since 2003.  The research from www.cover4letproperty.co.uk also revealed that: · double the amount of

The grapevine no longer the most popular way to find a rental property

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that word of mouth is no longer the most popular way to hear about a new rental home, with 64% of tenants turning to a property website first.This is a very different result to 32 months ago, when the most popular way to find rented accommodation was via friends and family. The latest study highlighted how: · 18% found out about a property by word of mouth; · 9% found a property using letting agents; · while all renters were more likely to use a property website,

Long term lets remain popular but more Brits hope to buy their own home

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that more than two thirds of all private tenants tend to stay for five years or more in the same property.The seventh in the series of surveys (carried out bi-annually from March 2013 to date) asked how many rented properties the respondent has lived in during the past five years: · 76% of respondents said they do live - or have lived - in private rented accommodation – no change over 3 years; · 67% of renters have stayed for 5 or more years in the same property (a 30%

Cost, location and ease of parking are on renters’ wishlists

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that both the cost and the location are equally important factors for renters choosing a property. This is different to 6 months ago, when the cost of the rental property was the deciding factor – then the location.The seventh in the series of surveys (carried out bi-annually from March 2013 to date) highlights how renters’ priorities have also changed in relation to the ease of parking and whether a property has a garden. The study revisited the factors that influence

Landlords shouldn't rely on tenants to know when things needs servicing

New research* from Cover4LetProperty.co.uk - the landlord insurance specialists – has revealed that 17% of tenants are unaware as to when their boiler was last serviced – potentially comprising their health and safety.The study also showed that 83% of private tenants are unaware of their rights from April 2016 regarding the energy efficiency of their rented property – a lack of knowledge that could cost them dear in terms of higher fuel bills. Richard Burgess, Director at Cover4LetProperty, commented: “While it is the responsibility of a landlord to ensure that the boiler is serviced

Landlord insurance provider launches Guide to UK Holiday Homes

Cover4LetProperty.co.uk - the landlord insurance specialists – have added a Guide to UK Holiday Homes to their website to tie in with their enhanced holiday home insurance product portfolio.Aimed at people considering buying a second home, topics cover many aspects of buying and owning a holiday home in the UK, from the basic “need to knows” (such as legal obligations, advertising, and whether to use managing agents) to financing the property. Richard Burgess, Director at Cover4LetProperty, commented: “We have recently expanded our UK holiday home insurance portfolio to offer even more

Long term lets still the most popular says landlord insurance specialist

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that more than half of all private tenants tend to stay for five years or more in the same property.The sixth in the series of surveys (carried out bi-annually from March 2013 to date) asked how many rented properties the respondent has lived in during the past five years: · 59% of renters have stayed for 5 or more years in the same property (a 5% increase on six months ago); · in October 2013, 15% of males had lived in 4 or more properties in the last 5 years (compared

Location, location, location no longer the top reason for choosing a rental property

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that cost is the most important factor for renters choosing a property. This is different to 6 months ago, when the location of the rental property was the deciding factor – then the cost.The sixth in the series of surveys (carried out bi-annually from March 2013 to date) highlights how renters’ priorities have also changed in relation to the ease of parking and whether a property has a garden. The study revisited the factors that influence whether someone will rent a

Landlords can access free advice from new website hub

Landlords can now get free, useful, information relating to their business, all from one place, courtesy of landlord insurance specialists Cover4LetProperty  who have added a new ‘Guides’ section to their website.Currently eight guides are onsite, covering topics including: · Marketing rental properties; · Insurance obligations for unoccupied properties and those undergoing renovation; · Running a successful student let; · The different types of tenancies explained; · Finding an investment property. Richard Burgess, Director at

Over one in ten private renters move due to bad neighbours

New data* from landlord insurance specialists Cover4LetProperty  reveals that more than one in ten private tenants have moved due to not getting on with their neighbours.The survey wanted to find out the reasons why a private tenant typically moves from one rented property to another and to see whether the move is influenced by the landlord and / or the property, or by other circumstances. The study showed that in the last 5 years, 53% of respondents have moved from one rented property to another because of the following reasons … · 38% moved to

Long term tenancy is the preferred option for tenants says landlord insurance specialist

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that more than half of all private tenants tend to stay for five years or more in the same property.The fifth in the series of surveys (carried out bi-annually from March 2013 to date) asked how many rented properties the respondent has lived in during the past five years: · 54% of renters have stayed for 5 or more years in the same property (1% less than six months ago); · in October 2013, 15% of males had lived in 4 or more properties in the last 5 years (compared to 8%

Location, location, location is top reason for choosing a rental property

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that cost is no longer the most important factor for renters choosing a property. The fifth in the series of surveys (carried out bi-annually from March 2013 to date) highlights how priorities have also changed in relation to the ease of parking and whether a property has a garden.The study revisited the factors that influence whether someone will rent a property and found the following: · 91% of respondents said the location was important - up by 30% from March 2013 and 13%

Landlords enjoying higher returns as survey shows rents increase

A new study* from Cover4LetProperty  has revealed that nearly one in 20 of all renters (18%) have seen up to a 10% increase in the cost of their rent in the last year**. A further 6% saw a rental increase of up to 20%. The annual rate of inflation stood at an average 1.5% during the same period.***The landlord insurance specialist revisited a previous survey from a year ago**, to see if there are any changing trends in the rented property market. They found that: · 16% of the adult population are living with family or friends (down from 28%); ·

Renter levels the same as 12 months ago says insurance broker

A study* from Cover4LetProperty  has revealed that the amount of people living in rented property has remained at the same as level as January 2014, with nearly a third of Brits (32%) living in social or private rented property.The landlord insurance specialist compared their latest findings with those carried out a year ago**, to see if there has been any change in home ownership and renting trends. They found that: · home ownership (with or without a mortgage) has increased by 12% since January 2014; · 16% of Brits live with family and

Checking your empty property could prevent a claim being rejected says Cover4LetProperty

A landlords’ insurance specialist is warning owners of empty properties that failure to meet their obligations under their unoccupied property insurance cover could see a claim rejected.Richard Burgess, Director at Cover4LetProperty.co.uk , explains: “Some policyholders may be unaware that there are certain conditions they need to meet as part of their empty property insurance contract. “This does vary depending on the policy provider but generally may include things such as keeping the property in good repair; making regular visits to the property and

Infographic reveal renters’ property wishlist and trends

Landlords’ insurance specialists Cover4LetProperty have launched an infographic that highlights what people look for most when choosing a rented property – as well as how trends have changed in the last six months.The infographic (based on a series of surveys carried out bi-annually from March 2013 to October 2014) shows that: · male renters have become more concerned about the rental cost of a potential property (up 12% as at October 2014); · there has been an increase in the need for ease of parking at a property (male renters up by 13% and female renters up by 12%); · 17% of

Rental property boom as more people go it alone

A new study* from Cover4LetProperty  has revealed that the amount of people living in rented property has increased by 8% since January, with over a third of Brits (40%) living in social or private rented property.The landlord insurance specialist compared their latest findings with those carried out earlier in January 2014* and also in May last year*, to see if there has been any change in home ownership and renting trends. They found that: · 50% of Brits currently enjoy home ownership (with or without a mortgage) - an increase of 10% since

Renters’ property wish list revealed – cost, location and easy parking

Updated data* from landlord insurance specialists Cover4LetProperty  reveals that cost is still the most important factor for renters. The fourth in the series of surveys (carried out bi-annually from March 2013 to date) reveals that priorities have also changed in relation to the importance of location and the ease of parking.The study revisited the factors that influence whether someone will rent a property: · cost – 87% (up 16% from March 2013 and 5% from April 2014); · location – 80% - up by 19% from March 2013 and 2% in the last six months;

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