How we protect our landlords from the worst-case scenario
Being a buy-to-let Landlord can be very prosperous but when things go wrong it can also be an absolute nightmare here is how we protect our Landlords.
If you are letting your property out to a tenant my number one piece of advice is to protect yourself against loss!
The average wait for a possession claim in the UK is currently 22 weeks which could mean having to stomach thousands in rent arrears before getting the property back.
Furthermore, the average court costs are between £1000-£3000. Most Landlords simply aren’t prepared for these costs and most certainly would prefer to avoid them.
Unfortunately, the number of landlords pursuing possession orders to get their property back has increased. This is likely a result of rising rent prices, general stretched affordability, and competition for rental properties.
We offer rent and legal protection which covers up to 15 months of rent and £100,000 in legal costs in the event of non-payment or needing to pursue a possession order for the property.
We offer this product at cost meaning we do not add a penny for arranging/referring the product meaning for just 2% of the monthly rent you can guarantee your income and protect yourself against the costs involved with the worst-case scenario. On a rent of £1000 PCM that's £20 per month...less than the cost of a takeaway.