admin David is the financial controller at Todd & Cue Insurance. View articles | Contact author

Landlords may find reasons to extend their property portfolio insurance cover next year, when more real estate auction stock is likely to become available, according to an expert.

Simon Parker, head of commercial auctions at Savills, said that stock levels are likely to remain static over the next six months but could start to rise once interest rates inevitably increase.

"Next year might be different and we might see a lot more stock next year because I don't think the banks can hang on forever," he explained.

Mr Parker said that owners who have been avoiding selling their assets may find they are forced to if interest rates do start to rise, creating opportunities for landlord insurance policyholders with ready funds.

The Essential Information Group reported earlier this week that 71 per cent of properties brought to auction in June were sold, up from the 57 per cent bought during the same month in 2008.