Insurance News
More landlords are seeking accreditation
30th January 2012
The demand for freeholder insurance looks set to rise, as more landlords wish to improve the standard of accommodation they offer to their tenants.
Wider economic conditions in the UK have lead to an overall increase in the number of people offering letting property in recent years, but those looking to rent can rest assured that standards are unlikely to fall.
According to new figures from the National Landlords Association (NLA), the number of people being accredited as official providers of rental accommodation has doubled in the space of 12 months.
The group's certification scheme was launched in 2010 as a way of helping those new to the industry provide a good-quality service and it now acts as a guide for landlords struggling to understand the complex range of legal requirements and regulations which are expected of them.
Tenants can anticipate those landlords who have been accredited by the NLA will be committed to ensuring a professional service.
One such landlord, Brian Balchin, said that the scheme was an invaluable service and had given him a much wider perspective of the industry as a whole. Mr Balchin now believes he is more prepared for the unexpected problems that can often crop up when operating in the rental market.
"All landlords who are accredited can promote their professionalism to their tenants by using the NLA Accreditation logo. The scheme is recognised by all local authorities across England and Wales," stated David Salusbury, chairman of the NLA.
This comes after the organisation said that one of the fundamental aspects of being a conscientious landlord was ensuring that a comprehensive insurance policy is in place.
The all-round cover provided by freeholder insurance can ensure landlords have the finances to quickly repair any structural damage to a property and thus minimise tenets' disruption.
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