Rents have secured a Rent and Legal Protection Policy which means should the unexpected happens you will always get the income you expect from your tenants, and it will also support you if you need legal requirements to recover your property.
What are the benefits?
Terms and conditions apply
Sometimes your tenant’s security deposit isn’t enough to cover significant damage or rent arrears. A comprehensive and rigorous coverage could mean the difference between regaining your property of defaulting on your buy to let mortgage.
With this Rent Protection and Legal Expenses service, you will get the income you’re owed and any costs you may have in recovering it, so you are not out of pocket!
For added ease, there is a unique and automated claims process, to reduce the administration and to return the property to you as quickly as possible. They will always keep you informed so you know when your property’s protected, and how the claims process works.
The criteria for this service are closely linked to tenant referencing criteria. We work hard to offer you the best lettings experience, including tenant referencing, so this Rent Protection service is aligned with the information we have on your tenants – simplifying the application for you.
How we stack up against other policy’s:
| Ours | Other Providers | |||
|---|---|---|---|---|
| Excess | Ours is NIL | 2 months | NIL | NIL |
| Legal Cover | £100,000 | £50,000 | £50,000 | £100,000 |
| Payment after VP | 75% for 2 months | 50% for 2 months | NONE | NONE |
| Claims window (days) | 90 | 37 | 31 | 30 |
| Max payout | 4 months | 6 months | 6 months | 6 months |
| Claim process | Automated | Manual | Manual | Manual |
| Property damage cover | Yes | No | No | Yes |
| Contract dispute cover | Yes | No | No | No |
| Auto renewal | Yes | No | No | Yes |
| Standalone legal cover | Yes | No | Yes | Yes |
| Monthly pricing | Yes | Yes | Yes | No |