Low supply of housing - the lowest in three years, in fact - is pushing some buyers to turn to renting a property. This move is often considered a safer option, compared to trying to find an affordable house on the market, in light of the uncertain jobs market and difficulty securing mortgage finance at present in the UK.

Though not especially great news for buyers - first-time buyers, in particular - this development signals a positive outlook for landlords who may now see a pick-up in custom. Having Landlord building insurance from Simple Landlords Insurance in place is essential for any landlord to protect their investment and to safeguard their property - and, in some cases, their tenants - in the event of a problem. However, it becomes increasingly important when we consider the rate at which the buy-to-let industry is expanding, and the Landlord Syndicate has claimed that this growth requires landlords to rely more heavily on advice from supporting services.

Obtaining a sufficient landlord insurance policy is a popular piece of advice given to individuals trading in the buy-to-let industry. It is important to bear in mind here that insufficient insurance is as good as having no insurance in place whatsoever, so it is important to revise your policy from time to time, or immediately if you find yourself in the position to expand the number of rental properties you own.

Commenting on the expansion of the UK buy-to-let market, director of SpareRoom.com Matt Hutchinson said: "The natural cycle of things that we had five or six years ago is currently falling apart – the people who went into rental accommodation a few years ago and would expect to be buying by now aren't."