Norwich Union has launched a new website to help landlords in the buy-to-let market make the most of their investment.
Norwich Union has launched a new website to help landlords in the buy-to-let market make the most of their investment.
Designed for experienced and novice property owners alike, the comprehensive website is packed with advice on dealing with tenants, understanding regulations, buying and selling property, marketing techniques and managing finances.
Mervyn Harris, product manager for property owners at Norwich Union, explains: "A combination of consistently low interest rates, cheaper mortgages and a general trend towards increased personal wealth has created thousands of new residential property investors over the last 10 years.
"With property investment no longer the sole province of wealthy entrepreneurs, replacing savings accounts and even pension plans among the wider market, this is a sector that has seen phenomenal growth.
"Whether the market continues to grow or takes a downturn, landlords will need help and advice to ensure that they get the most from their investment.
"The new website aims to help landlords maximise their profits through a full understanding of opportunities in this popular market segment – and reveals pitfalls to avoid.
"Tenancy agreement forms can be downloaded directly from the site to give landlords instant access to legal documents. The site also features Hometrack valuation reports to provide up-to-date and independent information on house prices and market trends.
"Brokers wishing to retain business in this highly competitive sector of the economy can draw on this easily accessible information resource for help and advice."
The new site - www.norwichunion.com/landlord - is available to all Norwich Union Residential Property Owners policyholders. It has been developed following Norwich Union’s research into the growing property owners’ market and the launch last year of the new policy.
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For further information, please contact:
Alison Owen at Staniforth on 0161 274 0100
David Ross at Norwich Union on 08703 66 68 65/07786 526350.
Notes to editors:
- Norwich Union Insurance is the UK's largest insurer with a market share of around 14%
- With a focus on insurance for individuals and small businesses, Norwich Union insures:
- one in five households
- one in seven motor vehicles
- more than 800,000 businesses - Norwich Union Insurance products are available through a variety of distribution channels including brokers, corporate partners such as banks and building societies and Norwich Union Direct
- Norwich Union’s news releases and a selection of images are available on the Aviva internet press centre at www.aviva.com/media
- An ISDN facility is available for studio quality broadcast. Call the press office on 08703 66 68 68
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