Rental increases in UK – Landlords should still be cautious
The latest FindaProperty.com Rental Index has just been published and is encouraging; however the recovery is not over yet.
[UKPRwire, Sat Mar 06 2010] jml Property Insurance are Premier HomeLet agents advertising Homelet Landlord and Tenant insurance products on line for the past eight years. The Homelet Managing Director John Boyle who is a Landlord himself has just issued a News Release saying that he welcomed the latest FindaProperty Rental Index and the increase in rental asking prices he warns that it may not be good news across the board.
According to the February FindaProperty Rental Index The supply of properties available to rent fell by 3.6% to the lowest level since November 2008, this would be a result of people who could not sell and had to let their properties have been able to sell now and ten of the eleven UK regions experienced a monthly increase in asking rents. Following two months of declining values, asking rents increased from £804 pcm in January 2010 to £814 pcm in February, an increase of 1.2 per cent.
Philip Suter of jml-property-insurance.co.uk who has been a Landlord for over thirty years, said ” it is good very good news that rents are now recovering again, however landlords should still remember that tenants can get into financial difficulties and consider very strongly taking out Legal Expenses Insurance and Rent Guarantee Insurance.”
Philip went on to say that there are a number of well known Landlord and Tenant insurance providers advertising on our web sites including HomeLet, Letsure, Simple, Endsleigh and Rentguard who are offering Rent Guarantee products.”
More information can be found at http://www.jml-property-insurance.co.uk/Landlords_Rent_Guarantee_insurance.htm
jml-property-Insurance.co.uk is part of jml Property Services, the trading name of Jeffrey Milner Ltd. The company is an UK based company that was established in 1979. jml insurance acts as a web promoter for insurance companies selling property insurance including landlord and tenant rental products, pet insurance, wedding insurance, motor insurance, car hire excess insurance (via www.insurance4carrental.com), travel insurance and non standard insurance products. They also operate jmlvillas.com an online marketing service for owners of holiday home property to advertise and are part of the jml Group that includes jml Training and Consultancy.