New research conducted by a letting agency shows that 61 per cent of tenants currently have no contents insurance, with 48 per cent admitting that they have never taken out contents insurance at a property they have lived in during their lives.
It’s the morning after the festival before for the 150,000 estimated revellers who enjoyed the Glastonbury Festival which drew to a close last evening – and now one estate agency says local house prices in such locations outperform wider areas.
Agents have come under new fire from Which? for charging multiple ‘holding’ deposits from prospective tenants after one of its members of staff twice handed over £500 to an agent – and found he was not the only one to do so.
The Council of Mortgage Lender’s (CML) buy-to-let forecast for 2017 and 2018 has been revised down from previous expectations at the end of last year, as ‘tax and prudential measures’ continue to ‘exert pressure’ on the market.
Home lending in the UK increased month on month and year on year in May, however expectations for this year and 2018 in the buy to let sector have been revised down due to burdens on the housing market.