“Westhill Insurance – we've got it covered!”
As a Landlord, letting to a bunch of party crazy students might not be high on your agenda but student rentals are one of the more stable areas to invest in.
Yes, they will have mad parties, and yes they will probably break the odd piece of furniture but with a rental yield of approximately ten per cent those little issues can be over looked.
Or another way of tackling the student issue is to have a very comprehensive insurance policy from Westhill Insurance who specialise in property insurance. If you have invested in a property which can be split up into several flats or bed-sits Westhill can supply a policy which will cover the building adequately.
Student rentals have come through the recent economic disturbance really rather well. Student rents have gone up by 19 per cent over last five years while general residential rental prices have dropped off by six cent on last year.
London is the most popular location for rich foreign students who are typically paying £800 to £2,000 a month for accommodation. This is a bit of a different market but definitely a lucrative one.
Ironically, in London where residential rents are struggling there is actually a shortage of regular student accommodation. There is a need for over 100,000 student rooms and now could be a good time to step into the breach.
Westhill Insurance covers bike insurance, car insurance, van insurance, home insurance, business insurance, let property insurance, commercial insurance or even public liability insurance. It is willing to talk with you and come up with a tailor-made deal to suit. In the current climate of financial and insurance crisis Westhill Insurance understands the fear of dealing with a large impersonal, unaccountable organisation and sets itself apart as the broker you can speak to and trust.For more information on Westhill Insurance or a quote, visit www.westhill-insurance.co.uk or call on 0844 371 7000 Mon – Fri 0900-1730 and Sat 0900-