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jml
Insurance can now introduce Buy-to-Let insurance for Landlords
Released 11th
April 2008 Summary:
As there
are now numerous buy to let properties in the UK, it is vitally important to have
the investment property suitable insured. jml Insurance has just added a dedicated
buy to let section to it's insurance website for Landlords. The
concept of "Buy to Let" was introduced by ARLA
(The Association of Residential Letting Agents) in 1996. Today the concept is
used not only in the UK but in many other parts
of Europe. With the growth of Buy to Let in
the UK it made sense for jml insurance.co.uk to offer these products on a separate
section on the jml insurance web site Research
carried out found that a lot of people who had bought or were thinking of buying
an investment property under buy to let were not necessarily searching for landlords
insurance. Philip
Suter of jml Insurance said
" Although some mortgage lenders are not offering so many products, the buy to
let sector is still very busy and investors purchasing properties. They must take
out insurance and a dedicated introduction site www.landlords-buy-to-let-insurance.co.uk
has been set up to take landlords to the newly created buy-to-let
section on the jml-insurance.co.uk site" Philip
went onto say" There are now dedicated buy-to-let magazines and the weekend editions
of the UK's newspapers are full of articles. We have added some tips for would
be investors." "Some
investors think that a town centre apartment without parking might be suitable
and the friendly selling agent says that there will no problem in letting it.
The owner then discovers that although the tenant might take a bus or walk to
work, they still have a car for going off at weekends or to collect their food
shopping. Other investors have looked at bungalows with very long gardens. They
don't realise in this day and age the majority of tenants have no time for gardening
with their work and social lifestyles and the landlord will end up having to provide
a gardening service that will cut into the rental profit said Philip." jml
Insurance has been introducing buy-to-let investors to mortgages from The
Money Centre for a number of years. The introduction of the new buy to let
insurance service should tie in well. More
information can be found at the jml insurance website www.jml-insurance.co.uk
Ends... Company
Information jml
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 an introducer for insurance companies selling property insurance
including landlord and tenant rental products, pet insurance, wedding insurance,
motor insurance, car hire excess insurance, travel insurance and non standard
insurance products. Originally for rental property insurance in 2002 with products
like HomeLet and Letsure, other specialist products like car rental excess insurance
from insurance4carhire.com were soon added. Today there is a very large selection
of products including specialist providers for ex-offenders, overseas property
insurance, business maternity cover etc. 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. Philip Suter has
been involved in the letting business in the south of England for over 30 years.
© jml
Property Services August 2008
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