Research from Landlord Mortgages has showed there is a huge disparity in buy-to-let buildings insurance.

Landlord Mortgages sent mystery shoppers to buy-to-let insurers and found huge differences between providers. In some cases, insurers were charging up to 139% more than their competitors.

Lee Grandin, managing director of Landlord Mortgages, said it was important for landlords with buy-to-let property to look after their investment by insuring the building. “While regular home insurance may cover some aspects, there are extra risks when tenants are involved, which means many choose insurance specifically designed for landlords. With rental yields declining and margins being squeezed for the buy-to-let investor, it is important to shop around for building insurance. As this research shows, there can be huge differences in premiums, and so savings can be made.”