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Rental increases in UK - Landlords should still be cautious
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Rental increases in UK - Landlords should still be cautious


Released 2nd March 2010

Summary: The latest FindaProperty.com Rental Index has just been published and is encouraging; however the recovery is not over yet.

jml Property Insurance are Premier HomeLet agents advertising Homelet Landlord and Tenant insurance products on line for the past eight years. The Homelet Managing Director John Boyle who is a Landlord himself has just issued a News Release saying that he welcomed the latest FindaProperty Rental Index and the increase in rental asking prices he warns that it may not be good news across the board.

According to the February FindaProperty Rental IndexThe supply of properties available to rent fell by 3.6% to the lowest level since November 2008, this would be a result of people who could not sell and had to let their properties have been able to sell now and ten of the eleven UK regions experienced a monthly increase in asking rents. Following two months of declining values, asking rents increased from £804 pcm in January 2010 to £814 pcm in February, an increase of 1.2 per cent.

Philip Suter of jml-property-insurance.co.uk who has been a Landlord for over thirty years, said " it is good very good news that rents are now recovering again, however landlords should still remember that tenants can get into financial difficulties and consider very strongly taking out Legal Expenses Insurance and Rent Guarantee Insurance." Philip went on to say that there are a number of well known Landlord and Tenant insurance providers advertising on our web sites including HomeLet, Letsure, Simple, Endsleigh and Rentguard who are offering Rent Guarantee products."

More information can be found at http://www.jml-property-insurance.co.uk/Landlords_Rent_Guarantee_insurance.htm

Ends...

Company Information

jml-property-Insurance.co.uk is part of jml Property Services, the trading name of Jeffrey Milner Ltd. The company is an UK based company that was established in 1979. jml insurance acts as an introducer for insurance companies selling property insurance including landlord and tenant rental products, pet insurance like Animal Friends Insurance, wedding insurance, motor insurance, car hire excess insurance (via www.insurance4carrental.com) travel insurance and non standard insurance products. They also operate jmlvillas.com an online marketing service for owners of holiday home property to advertise and are part of the jml Group that includes jml Training and Consultancy.

 

© jml Property Services March 2010

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See also HomeLet (Group) Press Information:

Rental Increases could see a reversal of Fortune says HomeLet Managing Director - March 2010

HomeLet offers More Benefits for Premier Customers - March 2010

Agents Positive about the Future of Lettings - February 2010

Cold Snap Could Prove Costly for Landlords says HomeLet Insurance - January 2010

HomeLet Launch New Range of Landlord's Insurance - December 2009

HomeLet Insurance offers service guarantee to Letsense Agents - December 2009

HomeLet to launch innovative new insurance policy product - December 2009

Demand for HomeLet insurance doubles - October 2009

HomeLet releases a new Tenant's contents insurance product available via jml insurance - HomeLet rental insurance have cut the cost of tenants insurance from the 19th June 09 with a new policy that is available via jml insurance - June 2009

Barbon Insurance has acquired Zennor Ltd - April 2009

Tenants should Insure against recession related crime - February 2009

New Managing Director for Letsure- Barbon Insurance Group has announced the appointment of Ian Fraser as Managing Director - January 2009

New Chief Executive for Barbon Insurance - September 2008

Barbon Insurance Reveals Latest Financial Results - September 2008

EIS Completes Rebranding Exercise to Become Barbon Insurance Limited -August 2008

jml Insurance are very pleased that HomeLet and Letsure are now under the Barbon Insurance Group umbrella - August 2008

Martin & Co announces three year deal with HomeLet - July 2008

HomeLet staff gain promotions - June 2008

New Customer relations manager for EIS Insurance Solutions - June 2008

EIS sale completed - New and stable long term ownership - April 2008

EIS separates from Erinaceous Group - New and stable ownership - April 2008

Erinaceous placed in administration - April 2008

jml Insurance will now be introducing Homelet Landlord & Tenant insurance instead of Letsure - March 2008

Erinaceous puts insurance division up for sale - January - February 2008

Brian Turney has left Lumley Letsure - June 2007

Erinaceous Group Plc Opens Property Management Office in Dublin, Ireland - May 2007

HomeLet IPEX -Landlords set for buy-to-let revolution as new scheme launched - March 2007

HomeLet Rental insurance launch Portfolio Insurance from 10th July 2006 in the UK

Letsure has a new Glasgow offices December 2005

HomeLet launches new low cost option landlordís protection - July 2003

Also: HomeLet Landlord & Tenant Insurance Sponsors Negotiator Award The 2008 awards from The Negotiator Magazine took place at the London Hilton on the 11th November


Return to jml insurance Press Releases

See Also

Insurance Industry Press Releases -2008

Insurance Industry Press Releases 2001 -2007

Independent insurance Articles

jml villas.com Press Releases

jml villas.com / euro-rentavilla.com Media Coverage

jml Training and Consultancy Press Releases



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