Survey reveals buy-to-let landlords require greater assistance, agrees Total Landlord Insurance

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Latest research indicates landlords need more advice with tax and legislation.

As we prepare for an increasing number of people to join the buy-to-let ranks, access to support and advice through these agencies will prove more crucial than ever.

With more people partaking in buy-to-let schemes, it appears that more knowledge and support needs to be provided to cope with the rising demands of landlords - advises Total Landlord Insurance.

Figures released by Paragon Mortgages showed that more and more landlords were in desperate need of assistance in order to keep up to date with the latest legalities. Of the first quarter of 2013, 78 per cent of those questioned admitted to requiring help – with this figure then leaping to 89 per cent for those in ownership of over 11 properties.

CEO of Total Landlord Insurance, Eddie Hooker, said: “A great deal more needs to be done if we are to keep the buy-to-let market in good health. With under half of those surveyed stating that they’re having trouble staying on top of legislation, if we are to encourage successful property investment then a long term strategy needs to be implemented. Although there are some landlords out there ranging from complete novices to the greatly-experienced, with the legal and tax landscape forever changing, access to advice is essential if we are to maintain the highest standards within the property sector.”

However, it appears that the biggest cause for concern amongst landlords is additional licensing – with 54 per cent believing this to affect them the most. Fifty-three per cent claimed that Capital Gains Tax will result in a significant impact with 49 per cent worried about council tax.

“As we prepare for an increasing number of people to join the buy-to-let ranks, access to support and advice through these agencies will prove more crucial than ever,” explained Hooker.

“According to the statistics provided by the Council of Mortgage Lenders, this particular region has experienced a huge surge in activity. But it’s essential that to maintain a thriving buy-to-let sector, the appropriate tools need to be implemented so as to make sure the proper agents are working in accordance with certain guidelines.”

Here at Total Landlord Insurance, our aim is to cover each and every one of our landlords – from providing residential landlord insurance to emergency cover. Find out how our solutions can benefit the landlord community today, and call 0800 63 43 880 to see how our Total Landlord rent guarantee insurance guarantees absolute protection against any serious problems.

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Natalie Crane
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