October 5, 2022

Nearly half of landlords have thought-about lease safety or extra insurance coverage

Regardless of their concern over the present financial panorama, nearly all of landlords are preserving calm and carrying on at current.

59% plan to keep up their present rental portfolio over the approaching 6-12 months, based on the LettingaProperty.com survey.

That determine rises to 79% for landlords utilizing LettingaProperty.com to handle their purchase to let properties, because of the extra help and safety that the platform gives.

It furnishes landlords with the flexibility to search out tenants and entry a variety of providers, together with skilled tenancy setup and referencing, lease administration, well being & security cowl, house emergency cowl, dispute decision, info updates and extra.

Along with taking a cautious method to defending the earnings on which they rely, landlords have a variety of different considerations proper now. Prime of the record is authorities adjustments to laws, with respondents to the latest LettingaProperty.com survey citing the Renters Reform Invoice and upcoming EPC adjustments as being amongst their worries.

Jonathan Daines, Founder and CEO, LettingaProperty.com, mentioned, “We’ve had a variety of conversations not too long ago with landlords who’re involved about cost-of-living rises, and the affect this will have on their tenants’ high quality of life.

“On the similar time, landlords are more and more in search of info on lease safety, so they’re lined ought to their tenants grow to be unable to pay their lease.”

Within the first quarter of 2022, 62% of landlords subscribing to LettingaProperty.com plans selected to incorporate lease safety. In Q2, this determine rose sharply, with greater than 75% of landlords choosing the added safety of lease safety.

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For landlords whose sole supply of earnings is their property, lease safety is an absolute should, as LettingaProperty.com buyer Eleanor identified, “I’ve lease safety, because the lease is the supply of my earnings. After I labored full time, I had earnings safety – it’s simply frequent sense in case you depend on the earnings.”