UK Property Investments Under-Protected

According to a research carried out by one of British mortgage brokerage agencies – the Money Centre – a worrying number of UK landlords have not taken sufficient measures to secure their investment and to protect it from risks should anything bad happen (death, illness, disability or loss of income). The research showed that a large number of UK landlords name property purchase as a type of retirement or general investment, yet 1 in 7 UK landlords do not know what will happen to the investment should the worst happen to them. Also, 1 in 10 landlords do not have a back-up plan to meet their borrowing commitments. The Money Centre’s research also revealed that 4 out of 10 landlords did not bother to take actions with regard to alleviation of Inheritance Tax liabilities that are known to cause families a lot of unnecessary financial losses. Commenting on the results of the research, Mr. Mark Alexander, the Money Centre’s managing director and co-founder, said that the findings of the study totally confirm the widely held view that not all UK landlords clearly understand the risks and responsibilities associated with property investment. He added that all buy to let landlords should protect their investment for their own sake and for the sake of their families He went on to say that property investment protection does not mean a simple purchase of the mortgage payment protection insurance plan; rather, it is a comprehensive strategy that helps cover all kinds of life expenses. In the opinion of Mr. Alexander, the right type of property investment is an essential part of a wise investment strategy as it helps remove the risks from the investors themselves and from their families. Property investors who think they need help in choosing the right type of investment protection might consult various UK agencies offering portfolio analysis review service.

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