With first time buyers still priced out of the market and potential home buyers experiencing problems finding and funding mortgages, there's an increasing demand for rented accommodation and therefore opportunities within the rental market.
At the end of last year, buy to let lending rose by 33% in value from the previous year1 with some predicting a further rise of 15% this year2. This potentially means more rented properties requiring protection with specialist landlords insurance - an opportunity not to be missed.
So, even if you already sell landlords insurance, now's the time to increase your business in this area. And, with the launch of our new 4 star Landlords' Insurance, it's even easier to provide your clients with a great deal.
1 Council of Mortgage Lenders, 2010
2 Paragon Mortgages Limited, 2010
3 Legal & General market info factsheet and Buy To Let Insurance Market Overview ' White Space on behalf of Legal & General