9 Jul

Landlords should not take the decision lightly

Landlords should not take the decision lightly

Those who are looking to get themselves into the UK property market as landlords should make sure that they do not take the decision lightly and that they know all of the regulations surrounding their new venture.

According to Eddie Hooker, managing director of Total Landlord Insurance, there are as many as 50 to 60 pieces of law that landlords should know before they try to move into this market.

He went on to say that the best place for people to start is by getting themselves into a landlords' association, especially now that there is a lot more help following the rise in the number of people who are coming into the market accidentally.

"The accidental landlords as we call them have definitely risen over the last four to five years. There is a mixture of reasons for that – poor pension returns are coming out and obviously buy-to-let mortgages are slightly easier to get hold of than owner occupied mortgages."

Many people become accidental landlords simply because they cannot sell their home in the current market.ADNFCR-1222-ID-801403585-ADNFCR

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