Category: HMO Property Insurance

Student let buildings insurance is a needle in a haystack when trying to find good quotes. We have been insuring HMO’s for over 50 years now and have all the providers to make insurance a lot more affordable. Students are usually rated as double the risk when compared to Professional tenants in the HMO insurance market.  They have parties, go out get drunk, come home leave ovens on, or go out and leave portable radiators on for days at a time, smoking in rooms and cigarette butts falling on the floor, the list goes on.  Students are grown up kids who are letting lose for the first time, so anything could happen. Read More

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

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

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

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 50 years and believe we have the best insurers and the best prices. Read More

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

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

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

Being a landlord with a property within the vicinity of a collage or a university can be a real gold mine, and makes sense to utilise the space available, by letting the property as a HMO, bedsits or as a multi-tenancy agreement.

The problem often faced with the arrangement of buildings insurance for student lets is that insurers do not often reward your prudence, and premiums can often be costly or many insurers often decline – however, we love Student lets and can accommodate all risk types from basic to non-standard and niche. Read More

HMO properties are becoming extremely popular in modern times given the opportunity to increase the monthly income from one property – however this prudence is not well received by many main stream insurers, therefore the arrangement of insurance for these types of properties can be costly and time consuming.

When acquiring Buildings insurance for your HMO property it’s key to go to use a provider that is well rehearsed in the arrangement of such non-standard property set ups – luckily the team at Goldcrest have been setting up insurance for properties that fall outside the “norm” for the best part of a decade. Read More