Message from Let Alliance:

First and foremost, Happy New Year from the Let Alliance team… we hope you all had a fantastic festive break and are now looking forward to another positive year within the Buy to Let sector.

Recently there have been some headlines which might impact on the profitability of buy to let investment properties, therefore giving advisers the clear opportunity to engage with your landlord clients this month.

  • It could be a busy start to the year and a potential rush of new Buy to Let property purchases with the 3% Stamp Duty levy coming into effect as of 1st April.  So fingers crossed you might be picking up new B2L Mortgage & Protection business on the back of this, however with the 3% increase on the horizon, landlords might be looking at areas where they can cut costs and what better way of doing this by offering to review their existing Landlord B&C Insurance policies and gaining a quote from Let Alliance.
  • There are many local authorities introducing landlord licencing schemes across the UK which include new fee expenditure.
  •  We will have all seen the devastating flood/storm damage and according to the Observer, the document issued to ministers by the Association of Drainage Authorities said that annual flood and storm damage costs are estimated by the Association of British Insurers to be £1.1bn.

With all the above in mind, this clearly highlights a great opportunity to offer your landlords clients a review of their buy to let portfolio and indeed their existing insurance policies.

At Let Alliance we specialise in Landlord Buildings, Contents, Home Emergency & Rent Guarantee/Legal Cover.  We also provide premium discounts for “portfolios” of 3 or more properties and we’ll do all the portfolio quotes for you.  Annual Indemnity commission is payable for the life of our policies and these commission levels are significantly increased when your landlords have multiple property portfolios insured with Let Alliance.

If you think landlords, think Let Alliance!  Please call our Intermediary Team on 01244 421 167 if you require any assistance with our products or quote system and we will be happy to help.