Sep 13

Housing Minister, Mark Prisk, delivers encouraging words at RESI 2013 says Total Landlord Insurance

Speaking at RESI2013 in Wales, Mark Prisk, Housing Minister, stated that Britain's housing crisis could only be solved by combining strategies on home ownership, social housing and the private rented sector. Prisk's alk which touched upon raising standards through Codes of Conduct, including Client Money Protection, was encouraging and necessary.

Mark Prisk recognised that with the challenges of building enough new houses and the issues surrounding affordability of homes for large parts of the population, the private rented sector must step up to bridge the gap.  But the conference also heard concerns from other industry leaders that there is a potential that some of the Government's recent initiatives, such as the Help to Buy Scheme and the Build to Rent Schemes, could fuel a new housing bubble, especially in London and the South East.  With the rental market expected to represent more than 7 million households within the next 5 years, residential property supply is top of the political agenda.

Taking a range of questions from the floor of the conference, amongst answers Prisk stated that the tenancy deposit schemes, such as my|deposits.co.uk, were operating well and were considered a success, the government did not support the formation of a national register of landlords similar to the one operating in Scotland, and that whilst formal regulation of letting agents was not a policy priority the change in law next year to require all letting and managing agents to become a member of a recognised ombudsman should include Codes of Conduct to require agents to hold client money protection insurance.

It is encouraging that the Government recognises the importance of the private rented sector and the support organisations such as my|deposits and CM Protect in helping to raise standards.

Away from property, the Minister also explained his support for the controversial HS2 scheme and the need to finally fix the problems of capacity and ageing infrastructure on the country's rail network. 

About the author

Eddie Hooker Photograph Eddie Hooker has been involved in the insurance industry since 1985.  He worked with many large insurers such as Legal & General and AXA Insurance prior to setting up his own insurance business, Hamilton Fraser, in 1996.  Hamilton Fraser now employs over 130 staff out of their North London office, dealing with various insurance products for the buy-to-let property market such landlord insurance, rent guarantee insurance, emergency cover and tenancy deposit protection. 

Eddie and Hamilton Fraser Insurance first started to provide landlord insurance as early as 1996 when they became involved with the Small Landlord Association, which later became the National Landlords Association. 

By working closely with the industry’s leading companies Eddie and his team have built up a detailed understanding of the landlord market ensuring that the customer experience is founded on knowledge and support.  This has been highlighted in a recent customer survey that found that 95% of Hamilton Fraser customers were either satisfied or more than satisfied with the service provided by the company.

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