Landlord insurance set to be in demand in London

Increasing numbers of landlords could experience a rise in property activity following the publication of new research.

Abbey Mortgages has found that those looking at buying a property in the capital would be better off renting.

It was revealed that the 187,000 people looking to get on the property ladder in London would be £466.19 worse off each month if they chose to buy as opposed to rent because of continued high prices in the capital.

This welcome news for landlords comes after calls for the government to provide them with new tools and incentives so that property portfolios can be expanded.

In what may be especially applicable to London, chief executive of Upad.co.uk James Davis said that one of the best ways to do this may be through a number of tax incentives.

The Town and Country Planning Association recently called for similar encouragement, which could see demand for landlord insurance increase.

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