In conjunction with Uinsure, SimplyBiz Mortgages has launched a portfolio review service for its members.
To use the new service, members send an email across to a dedicated email address (containing their client’s buy-to-let portfolio and current insurance renewal dates) and one of Uinsure’s regional development managers will contact them to outline the general insurance options available.
Of the options available, this could include providing individual quotes for Uinsure’s Defaqto 5 star-rated buy-to-let policy (via Uinsure) – or, alternatively, the enquiry could be dealt with by Uinsure’s specialist commercial referral team who have access to portfolio insurance options.
Martin Reynolds, CEO of SimplyBiz Mortgages, said: “Buy-to-let has seen multiple changes over the past few years, and launching the portfolio review proposition will allow members to ensure that they are providing a full service, including landlords’ insurance.
“With landlords now providing full details of their entire portfolio, members are in a perfect position to help protect their assets. Even if GI is not at the core of a member’s business, the referral option still provides a positive opportunity.”
Mark Hutchings, head of sales and distribution at Uinsure, added: “Last year’s PRA changes to affordability checks, which affected portfolio landlords, may have increased the administration work required when arranging buy-to-let mortgages, but new requiring landlords to collate information about all properties in a portfolio provides an opportunity for brokers to review the insurance needs of landlords.
“Uinsure’s flexible, comprehensive and competitive buy-to-let offering provides a perfect home for portfolio landlords.”