Blog

HMO Mortgages

January 27, 2015 HMO Property Insurance

Even before you have come to us to get insurance for an HMO, you will have to obtain, unless you are a cash buyer a mortgage. Home of multiple occupancy mortgages are not easy to come across. There are at current less than ten providers out of 150 that will not provide a mortgage to a landlord that rents out HMO properties.

Whether it is an HMO student let insurance or a professional let insurance you require, the complication DOES NOT START THERE IT STARTS WITH OBTAINING THE FINANCE. It is very rare to find a mortgage that will cover the (home of multiple occupation status). Read More

HMO Property Let to Students

January 22, 2015 HMO Property Insurance

A keen eye in the property market may lead one to purchase accommodations located near universities, given that there will be a huge appetite for students to rent resulting in consistent enquiries for potential tenants.

Depending on the locale, you also hold the strings for potentially lucrative rentals too and as with most student let properties it’s always best to let on a HMO basis. Read More

Buildings Insurance for any Student Let property

January 13, 2015 HMO Property Insurance

We cover all areas for buildings insurance where properties are let to students. Our rates are extremely favourable and we believe our cover is the best you can get, with the majority of the risks we place being with an A rated insurer. Read More

House insurance for Child Minders

January 6, 2015 Residential Insurance

For those who are great with children, being a child minder is an prudent way for extra income whilst at home – getting the children to behave may be the easy or tricky part; getting your insurers to continue cover may be the hard part.

Many household insurers do not cover homes that are used for business purposes or if they do, the minimal trades they will cover will have to be clerical only. Read More

Student Let Properties and Building Insurance

December 31, 2014 HMO Property Insurance

Have you just purchased a property to rent out to students or do you have a let property which is rented to students and is due for renewal. If so we have the best insurance rates on the market for landlords who have student tenants.

Students let insurance can be very expensive with the majority of providers. At Goldcrest we have been providing this form of insurance for over 30 years and believe we have the best insurers and the best prices. Read More

Finding the Right Broker

December 24, 2014 Goldcrest Insurance

Using an insurance broker for clients is the preference to many clients up and down the country; with the benefit of human interaction oppose to comparison sites, call centres and automated renewals.

General feedback we receive is that clients prefer to speak to someone before having their money taken from them! Any questions or queries they may have about their policy or coverage cannot be answered immediately with any of the aforementioned, and sitting on hold to a switchboard or waiting weeks for an email reply does not necessarily feel like money well spent on a service. Read More

Rent to Rent buildings insurance

December 18, 2014 Property Owners

Getting into the property market can be a very prudent opportunity for monthly income, with many people now using this as an alternative income stream, pension fund, or simply a new career choice.

Property of course doesn’t come cheap as a new venture, with large deposits required in many cases – so the next best alternative is obtaining rent to rent properties, also known as subletting. Read More

Buildings Insurance when you own Student Let Accommodation

December 15, 2014 HMO Property Insurance

Large premiums not many insurers … what do you do !!!! Every region in the country has a university or college … which means there are thousands off premises out there which need buildings insurance for student lets. The problem for the landlord is that there is a lack of good insurers out there who are willing to quote for Student lets buildings insurance.At Goldcrest we have been building up great relationships with certain insurers over the past 20 years to provide the best products possible for our clients. We use an A rated insurer who’s premiums for buildings insurance for student lets are very similar to that of buildings insurance for residential let. This is great news for landlords as the cost of insurance should be much more favourable. Read More

Landlord fined almost £25,000 for failing his Tenants

December 9, 2014 HMO Property Insurance

Paul Davies of Tamworth road, kettle brook, pleaded guilty to eleven charges of breaching regulations in place regarding owning and maintaining an HMO (house of multiple occupation) property on the 14th October 2014, these charges included; not keeping a fire escape route in good repair, failing to keep a fire escape clear from obstruction, failure to provide gas and electrical certificates and not maintaining common parts in safe and acceptable repair. These charges were brought to light after he had failed to comply with an improvement notice for the common areas of the block of flats; as a result of this he has now been fined £24,541. Read More

Landlord and Letting agent fined over HMO disrepair

December 2, 2014 HMO Property Insurance

A Landlord and lettings agency who have failed to undergo a range of repairs to a damp and leaky property in the Haringey area have now been fined following legal action taken by Haringey council.

Dilip Palmer of Alexander road, Wood green the controlling landlord and management company Easy Properties London Limited, based in Turnpike Parade Green lane had been ordered to pay out £3,435.55 with the company being ordered to make a payment of the same sum for not carrying out the necessary work to the Beresford Road property. Read More