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Rightmove forecast increase in landlord market

One of the largest property sites in the UK, Rightmove have forecast that three quarters of landlords intend adding to their portfolio and that the number of people intending to enter the landlord business has increased substantially.

Whilst the number of new landlords dropped markedly during the recession, the fact that there is evidence that house prices are starting to recover as the economy emerges, albeit sluggardly, from the 5 year financial crisis.

Other reasons include the prospective increase in the number of people requiring to let property due to potential influx of EU migratory workers post 2014 and the fact that new builds are not substantially increasing. Money is also becoming available for purchasing of buy to let property, especially for existing landlords or those with adequate finances to make a deposit. Yields are at a reasonable 5.6%, substantially more than available by leaving money in accounts.

New landlords will require landlord insurance and B Portwood &Co Ltd are well placed to offer the cheapest policies on the market, backed up by well trained staff brought up to care for their customers. Existing landlords may wish to roll their insurances up in a single landlord portfolio insurance, which can cater for multiple properties


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