Rentguard launches new commercial range


July 16, 2015

Rentguard has launched a new range of commercial business insurance products providing cover for small to medium sized UK businesses. With access to a number of exclusive Lloyd’s market binders, Rentguard is able to provide tailored rates and meet bespoke policy requirements. The diverse range of products from leading UK insurers will provide quality cover for shops, offices, doctor’s surgeries, restaurants and pubs, hotels and guesthouses, hairdressers and beauty salons sports and leisure clubs, and many more business types. As a result, Rentguard Underwriting is able to provide an impressive one-stop shop for all your commercial requirements, helping you to …

Changes in legislation will have a direct impact on landlords


June 5, 2015

Section 11 of the Landlord and Tenant Act 1985 provides a guide as to whether the tenant or landlord is responsible for repairing a property while it is being rented. Recent amendments to the Act will have numerous implications for landlords. Section 11 states that a landlord must ‘keep in repair, the structure and exterior of the dwelling house’ as well as any area of the building that a landlord has an ‘estate or interest.’ There has often been the assumption that landlords are only required to maintain the interior of the property they are letting. However, landlords should keep …

Those in their 40s most likely to become first-time landlords, rentguard survey reveals


April 30, 2015

Between 40 and 49 years old is the most common age for those becoming a landlord for the first time, according to a new survey by Rentguard Insurance. Some 40% of those purchasing a buy-to-let investment for the first time were in this age bracket. They were followed in second place by those in the 50+ age bracket (24%) and those aged between 30 -39 (19%). The landlord insurance specialists asked customers the question ‘How old were you when you first became a landlord?’ on the Property Eye section of their website. Perhaps surprisingly, 17% of those surveyed were aged …

How will government plans to allow sub-letting affect landlord insurance?


March 24, 2015

Hidden away in the small print of the 2015 Budget, under the heading “support for the sharing economy”, was a clause allowing tenants greater freedom to sub-let. The wording made it clear that forthcoming government legislation would make it illegal for private landlords to include clauses in tenancy agreements which ruled out sub-letting or the sharing of space on a short-term basis. Private Rented Sector experts such as the RLA and Landlord Action, were quick to express their grave concerns over the plans, describing it as ‘nightmare in the making’ and predicting that it will “throw up a magnitude of …

How will changes to uk insurance law affect you?


March 5, 2015

Recent changes to the Insurance Act relating to disclosure of material facts and the basis of contract clauses will radically alter UK insurance contract law, according to experts. A new law passed last month will see the introduction of a ‘duty of fair presentation’ of risk. This will replace the existing duty on those taking out insurance to disclose all ‘material facts’. The new rule, which is expected to come into force next summer, will update those outlined in the Marine Insurance Act 1906 and is expected to reduce insurers’ ability to avoid paying claims or terminating cover. Currently, insurers …

Landlords – is your HMO licensed?


February 3, 2015

Houses in Multiple Occupation (HMOs) are an increasingly popular property choice for buy-to-let investors as they allow landlords to maximise their space and get good returns from multiple tenants. The term refers to properties lived in by three or more unrelated tenants, but sharing either a bathroom, kitchen facilities, toilet or living area. However, a recent spate of cases has highlighted the fact that many landlords operating such properties are doing so without the correct licence in place, risking heavy fines, as well as potentially putting their tenants’ safety at risk. A Hounslow landlord who let out an overcrowded and …

Tenant referencing under the spotlight


January 22, 2015

Tenant referencing is often somewhat overlooked, whilst it is recognised as being essential for the vast majority of private landlords, it is rarely given much thought or attention. Recently however, tenant referencing has found itself dragged blushing and blinking into the media spotlight. Firstly due to the government’s new Landlord Checking Scheme, currently being trialled in the West Midlands, which requires landlords or letting agents to confirm that all of their tenants have the right to live in the UK. With landlords understandably concerned that they may not have the expertise or knowledge required to make the correct decision, there …

Whose responsibility is it to insure a property between exchange and completion?


December 11, 2014

There has long been confusion over whether it is the buyer or seller’s responsibility to insure a property in the period between exchange and completion, to the extent that it has become something of a ‘grey area’ within the industry. That’s why we’ve decided to try and clear things up for both parties. Put simply, the onus for insuring a property between exchange and completion lies with the buyer, and under clause 5.1.1 of the Standard Condition of Sale (SCS), the property risk now passes to the buyer on exchange of contracts rather than on completion. There is no legal …

Right to rent checks needn’t be stressful for landlords


December 1, 2014

There is no need for landlords and lettings agents to panic over the new ‘right-to-rent’ ruling according to landlord insurance experts. Under the new ruling, landlords in the West Midlands are now required to conduct background checks on tenants to confirm that they have the legal right to seek residency in the UK, or face fines of up to £3,000. The government initiative is being piloted in Birmingham, Sandwell, Walsall and Dudley, before potentially being rolled out nationwide, and will require landlords to take a photocopy of a tenants passport or permit, or run a background check via gov.uk. As …

Biba 2014 iPad winner announced


June 6, 2014

Rentguard are delighted to announce the winner of their BIBA 2014 iPad prize draw is Arshad Dawda of Rightdeal Insurance & Mortgage Services Ltd. Arshad’s business card was selected at random from those received at the exhibition and they are the lucky recipient of an iPad mini courtesy of Rentguard. Held at Manchester Central, BIBA is a chance for industry professionals to network and explore new business opportunities. Rentguard once again had their famous Ice Angels handing out delicious ice creams – made using liquid nitrogen – to refresh brokers. If you saw Rentguard at BIBA and would like to …