Insurance Dealer is dedicated to bringing you news and deals from the insurance industry. We aim to bring everything you need together in one place, saving you valuable time. Through our affiliate links we act as an introducer to a range of insurance products aimed at saving you money.

16th
NOV

Empty Property UK

Posted by Active under Unoccupied Property News

In the UK there are over hundreds of thousands of empty residential properties with approximately a quarter of these houses being vacant for more than 12 months. Even though most empty homes do not cause any problems or have a cause for complaints, however these empty properties can be attract attentions from the wrong type of crowd. This can result in anti-social behaviour and acts of vandalism on the grounds of the vacant house. Also properties that have been left empty and in a state of disrepair can also be used by drug addicts and other illegal activities.

 

By leaving a house empty can result in many disadvantages to the property owner. Some of these include;

 

  1. The value of the house can depreciate considerably
  2. Without any maintenance the condition of property may rapidly deteriorate
  3. The property may get occupied by squatters
  4. Empty property insurance will be required as standard home insurance policies will not normally provide cover for buildings that have been empty for more than thirty days.
  5. The risk of vandalism increases
  6. There is also high risk of arson attacks, fly-tipping and break-ins

 

Most Council’s provide some sort of advice and help in bringing back these empty properties to occupation. Please contact your local authority to see if they have a scheme that can help to bring your vacant house back into occupation.