iInsure365

Don’t let winter conditions force you to make a claim! We have listed some tips on winter property management to ensure that your property  is looked  after by your tenants. Therefore ensuring that there are no unnecessary claims resulting in increased premiums:-   1) Make sure that the pipes and roof have insulation and the loft storage tank, if there is any, has insulation foam ensuring that they don’t freeze . 2) Ask your tenants to make sure that they are heating and maintaining the property  correctly , even when they are not there . Tenants often don’t  necessarily  turn the heating on sometimes because of the cost. They do though need to ensure that it is  properly  heated so there are no problems with the pipes freezing. 3) Make sure that your stopcock is working and that your tenants know where it is. 4) Do you have a condensing boiler? If so, make sure to lag the outlet pipe to ensure that ...

How are landlords/Corporate Companies still ripping off lessees? There was a recent case from a Tribunal regarding the Regis Group.  Leaseholders now have a model example of how to fight excessive insurance costs via a Tribunal against the Regis Group. Jeremy Peachy, a chartered surveyor, challenged the £13,000 insurance costs of a 30 flat site in Northampton. Regis Group/Pier Management owned the freehold. The Tribunal found that the insurance costs were excessive. They ordered to reduce the bill down by at least two thirds to £4,364.00. The Tribunal made a Section 20C order barring the freeholder from putting any of his costs into the leaseholders account as well. The Regis Group which owns over 30,000 freeholds argued that it bought insurance on a portfolio basis, not by individual properties. This is an argument used by many freeholders. The Tribunal made the following statements about the situation: “It is the ability to buy bulk that enables them to earn commi...

You have established that there are enough tenants to qualify the building. What do you do now? Enter into a participation agreement Providing the participating tenants have agreed to proceed with no exceptions. All participating tenants should enter into a formal participation agreement. The agreement will govern the relationship between all tenants. This is  prior to  and during the collective  enfranchisement  procedure for the building. It includes items such as rights of voting, negotiation and agreement of terms. Most  importantly , it covers the individual tenants’ financial contribution. This facilitates in future that there are no difficulties between parties.   This can be particularly important where there are large blocks involved as disputes can cause difficulty or delays . A prior agreement makes future disputes easier to resolve. It could also be useful to record an agreement on what happens after acquiring the freehold....

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...

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 ...