iInsure365

Renting out a property is one of the best ways to make a profitable passive income. You can gain from the rental income and make a healthy return on your investments. Rental income can be a source that can see you through to your retirement.  But it is not just a case of sticking your property on the books of a letting agency. You may have invested in a Buy to let, or plan to rent a property of your own. But there are some important landlord responsibilities that you may not be aware of. It is, for instance, important that you have the correct tenancy agreement. That you have carbon monoxide alarms and that you are aware of all Government approved schemes. That you have an assured shorthold tenancy. That your property is energy efficient and you understand what a Section 21 Notice is (now due to be abolished). Health and Safety regulations As a residential and commercial landlord, you will need to ensure that your property is  safe to rent . You will need to make ...

iInsure365 provide tailor-made Insurance to give you the protection you need. We have cover provided by Aviva and other major UK insurers. This is to ensure that both landlords and buy-to-let owners can get the coverage they need. We will compare the market for you, without compromising on the quality of the cover. Our clients know that they can rely on us for quick and simple solutions. We can issue documents on the same day we set up the insurance policy. We provide simple landlords insurance that is easy to understand and comprehensive. Request a call back for either a commercial or residential landlord insurance quote. We will call when it suits. Being a landlord carries a whole range of risks and responsibilities. Normal home insurance  simply  doesn’t provide the full range of protection you need.  You need specific  Landlord Insurance  to protect your investment or risk further financial losses .  iInsure365 understand that a landlo...

If I have a resident’s management company or a right to manage company do I need to serve a Section 20 Notice? Yes, of course, because you are under a right to manage you still have to go through the standard legal process to carry out any major works. The procedure can be dispensed with but only rarely if you get an Order from a Tribunal or a Court. The procedure is prescribed and then detailed by the Government and failure to do so can lead to some form of penalty. If you do not serve the relevant notices then you are not able to recover more than £250.00 per leaseholder so for instance if there were four flats no more than £1000.00 so if you carried out work of £10,000.00 without consulting you would only be entitled to £1,000.00 back. It is so important thus that you serve the correct notices and in the correct format. What is the procedure? A Section 20 Consultation must be carried out as stated above if work more than £250.00 per lessee is required. There are thre...

The new tenants’ fees bill is due to have a second reading in the House of Lords. This bill is going to affect the whole property industry. The same fee ban has already taken place in Scotland and shook the industry to its core.  55% of letting agents disappeared overnight or merged with other companies in that case . It also increased rents for tenants by 7%. The details of the bill are still up for debate.  It could extend as far as including renewal fees, arrears fees and anything else that letting agents could charge . Does this mean that landlords will pick up the bills? Will letting agents add it to the rent charge? Will landlords have a choice in future of letting agents? We  anticipate  that this will rock the market. A lot of landlords will lose out as estate agents who do lettings and sales go into liquidation. It could force Landlords to choose a new agent and the choice could be very limited in the future. How will it ...