Important update from our rent guarantee insurance provider!
We are pleased to confirm some exciting improvements to our rent guarantee partners insurance policy.
We are pleased to announce that our referencing and rent guarantee partner has made exciting and much needed improvements to their policy.
Homelet are the market leaders in referencing and rent guarantee, who we have worked with for many years. Reacting to extended notice periods and current court delays they have increased the maximum number of monthly payments from 6 to 15. As a result if the worst does happen then you're covered for fifteen payments. It's an excellent improvement and one that we are happy to be able to offer our landlord clients.
The UK is now officially in a recession for the first time in 11 years, the largest on record. Recent figures show the biggest slump for employment for more than a decade, from August to October figures have been released estimating around 370,000 people were made redundant.
Government assistance schemes come to an end in the coming months and the economic cost of the pandemic is huge.
This is why we work with industry experts HomeLet, to provide landlords with a solution to these issues.
Safeguard Your Rental Income and Protect Your Property
In the event that your tenant falls into arrears or breaches their tenancy agreement, we can help pay your rent, subject to the protection limits, and evict the tenants for you. Meaning that if your tenants can’t or won’t pay, or if you need possession of your property, you’re protected.
As part of our service to you, we’re able to provide protection for your property by including you as having an ‘interest in’ our Rent & Legal Protection policy with HomeLet. This means you can benefit from the cover detailed below should we make a successful claim, and any sums recovered that are due will be passed on to you.
• Monthly rent paid for up to a maximum value equivalent to fifteen months, which includes 2 months at 50% following Vacant Possession (where applicable) from the date of the first arrears.
• No policy Excess
• Legal expenses up to £100,000 to cover eviction costs if the tenant is in breach of their tenancy agreement.
• Professional court attendance on your behalf.
• Tenancy changeovers (fully transferable to ensure no gaps in cover when tenants change – providing full referencing is completed on new Tenants).
For more information you can contact us here > https://www.lloydsres.com/contact-us