Legal & General Investment Management Limited

Legal & General Investment Management Limited

March 30, 2011 04:19 ET

Confidence Increasing in Buy-To-Let Market, Report Legal & General

While the Rest of the Housing Market Contracts, Improvement is Seen in Buy-To-Let

SURREY, UNITED KINGDOM--(Marketwire - March 30, 2011) - In contrast to continuing uncertainty in other parts of the housing market, confidence among landlords in the buy to let market is on the up, report Legal & General. Recent figures from online lettings agent Upad and the Council of Mortgage Lenders are amongst those that have pointed towards 'modest improvement' in the sector.

The main reason identified is the increase in demand for rental properties over recent months, brought on by first-time buyers squeezed out of the market by high deposit requirements.

This demand has opened up opportunities for those with the means to invest in property, with desirable housing particularly in demand in urban areas inhabited by high numbers of young professionals. The rental market in London is one of the most extreme examples.

A spokesperson for Legal & General said today "If landlords are looking to expand their property portfolios, it's important that they ensure their properties will be covered in the case of a home emergency or if any issues arise with their tenants."

"Landlords should ensure that they have the best home insurance in place when they are renting out their properties to protect themselves against any potential problems. Legal & General has a long heritage in providing landlord – or buy-to-let as it is also known – insurance."

Legal & General offer a range of buy-to-let insurance options as standard, including:

  • Loss of rent cover up to £50,000
  • Home emergency cover up to £150 towards call-outs and repairs
  • Legal liability cover for up to £2million on any one claim

Landlords can also tailor their landlord insurance policy for additional peace of mind. Options include buildings and contents accidental damage cover and legal expenses and rent guarantee cover.

Find out more about Legal & General's buy to let insurance or give them a call on 0800 092 9922 to get a quote.

Notes to editors

For more information about Legal & General's insurance policies, please visit http://www.legalandgeneral.com/ or call 0800 092 9922 to talk through a quote.

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