Home insurance offers protection against the most likely things that can go wrong in your home. While we often think of outside threats like theft or fire, a new study1 has shown that more claims result from clumsiness than malice.
Residential supply and demand less downbeat
According to the Royal Institution of Chartered Surveyors (RICS) October UK Residential Market Survey, demand is still falling faster than supply.
Most landlords not selling yet
Two in three buy-to-let landlords have no plans to sell any of their properties in the upcoming year, new research1 has revealed. While the new Renters Reform Bill had led some to predict a selling spree, it seems most are holding onto their investments – for now. Those with a single property (75%) and those with two or three (69%) are most likely to hold onto all their properties. In a turbulent market, rising interest rates are the main motivation for six in 10 landlords who intend to sell, a 15% jump on the previous survey. Nearly half claim that the rent they charge no longer covers their mortgage costs.
New-build properties remain overwhelmingly popular despite a small drop in the number of starts in the past year.
When faced with the unpredictability that life brings, it is comforting to have the support of protection cover.
Increased household bills, mortgage and rent costs, mean that protection is more important than ever right now but, in response to these challenging conditions, some households are considering reducing their level of protection – leaving themselves vulnerable to financial shocks.
Conditions remain challenging
Demand down but activity remains robust
RICS survey shows demand falling
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