This is usually the job for a property management company or a committee for the block. Dependent on the size of the block of flats it is crucial to find the right insurer who will cover all of your needs. Insuring a block of flats should be pretty straight forward, but there are a few minefields which certain brokers will leave out. Read More
A landlord in oxford has received fines of £4500 for renting out a House of Multiple Occupation (HMO) that was found to be in a state of disrepair and unlicensed.
After being prosecuted for running the HMO Jeffeth Junior Latchman appeared before the oxford magistrate’s court. Concerns over the living conditions at and the maintenance of the property were raised when one of the tenants contacted the city council which in turn became an official complaint. Read More
A judicial review called to by landlord constantinos regas, challenging Enfield borough councils planned selective licensing scheme, has been upheld, blocking the councils plan to roll out licensing in April 2015. The national landlord association welcomed the news slamming the councils approach as “blasé”. Read More
Demolition insurance is categorised under the header of high risk liability insurance. This is for the obvious reason that much of the works can cause damage to third party premises, to employees or members of the public. Not only this, but if you do not have the correct cover in place, or the right amount of cover it can cause huge losses for the insured.
Insurance for soft strip demolition is again thought of as high risk but not under the same category as full demolition. Soft strip usually entails just the internal strip out of a commercial premises or a residential unit. Read More
Many landlords are turning to HMO properties nowadays in order to maximize their return on their buy to let investments.
The reason is that many bog standard semi-detached properties you can turn into a 5 bed HMO with minimal fuss. This therefore means that instead of getting just one rental for the property you get 5 !!! Read More
Getting professional indemnity for your new accountancy firm is vital for you in order to actively trade, but it tends to be one of those tasks that gets left to last minute and turns into a mad rush to obtain the policy you require!
Standard procedure is to fill out a proposer form provided by the broker, then wait for terms/a quotation to be sent to you by return – but what happens when you’re still waiting, and waiting. If you’re in the boat, like many others (don’t worry!) where you have left it till late to get your professional indemnity, time becomes of the essence and if that’s been additionally consumed on waiting it can leave you hot under the collar. Read More
Many providers out there claim to offer you the earth when it comes to insuring your properties – “we’ll match or better any rate” often gets branded about, this all sounds well and good until you take them up on your offer, get to the quotation stage and find out that because your property falls outside their “normal” requirements/criteria, this offer is not applicable to you, wasting your time and energy! Read More
Unoccupied commercial property can often be a shrewd investment opportunity to either refurbish for sale or let, or in most cases to convert into residential.
We can accommodate both of these scenarios; so once you obtain the relevant planning permissions, you’ll need to speak to us (hopefully) about insuring the property. Read More
If you’re a landlord with properties near universities or colleges to which you let to students, you are going to be looking for an insurance broker that specialises in landlords insurance for student lets.
In most cases Student lets are set up on a house of multiple occupation basis (HMO) so you’re going to need a policy which caters to multi-tenancy, and are you sure your current policy does? Read More
Have rental properties is a good substitute for a pension, in most cases it can be more fruitful also, if run well. A popular trend is rather than let the property to one tenant, is to instead let to multiple tenants, in other words, set the property up as a HMO.
Insuring a HMO is not as easy or straight forward as insuring a standard let property – most insurers do not like the additional tenant exposure and the increased fire risk; so you’ll need to contact a specialist intermediary who can broker the policies for you. Read More
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