The recent uncertain market conditions have meant some Landlords have already seen a decline in their investment, whereas for others, it is not such doom and gloom.

‘Cash rich’ Landlords are the ones reaping the benefits. With the market now known as a ‘buyers market’ these ‘cash rich’ Landlords have the liquidity enabling them to put up the larger deposits now required by lenders, giving them the upper hand in property negotiations and ability to secure favourable purchases.

If you are a Landlord who has seen house prices rocket during the period of ownership but are now beginning to suffer from the changes and uncertainty in the market and thinking of jumping off the band wagon, before you do, think about how the changes are also benefitting the rental market;

First Time Buyers
With first-time buyers concerned about the prospect of negative equity, not to mention the ongoing credit crunch which has made it increasingly difficult to secure a mortgage, many are reportedly turning to rental properties.

Repossessions
Furthermore, the number of homes being repossessed is at it highest since 1992 with a 2008 prediction of 45,000 in comparison to 27,100 in 2007.

The above is resulting in thousands of people choosing to rent for the foreseeable future, making the demand for rented accommodation rise. The average rental income is thought to have seen an increase of 12 per cent in the last 6 months.

For those people who have recently purchased or are currently thinking of entering the property market and becoming a buy-to-let landlord, they should think about their investments in the long term as opposed to a short term gamble. Experts are confident that house prices will recover strongly in the medium and long term.

Southampton, East Anglia and Lincoln are examples of areas that have been seen to have some of the greatest current buy to let opportunities with renting being the way of life in these areas.

Other good news for Landlords – Buy to Let Landlord Insurance Prices remain static
There is some further good news for Landlords. The Buy to Let Landlord Insurance market has not yet had the promised rate increases due to the recent floods. In fact if you look carefully at your Buy to Let Landlord Insurance you may well find yourself paying the same premium as last year or possibly less – despite the addition of Index Linking to your sums insured.

Having scourged the internet there are numerous sites offering Buy to Let Landlord Insurance but one of the favourites remain as being www.cover4letproperty.co.uk. They are UK based and specialise in Buy to Let Landlord Insurance policies.

Their website offers quotations from 6 Buy to Let Landlord Insurance companies and there Buy to Let Landlord Insurance premiums are offering great prices but with high levels of cover.

How many Buy to Let Landlord Insurance policies have you found that include malicious damage by your tenant?