Sometimes things just don’t go to plan…
…that’s where Rent Guarantee comes in
16 months
Current average time for a
claim
to a landlord repossession.1
The cost of living crisis is a whole different situation to the pandemic.
Inflation has reached 9%, gas & electricity prices soared by 95% and 54% respectively, with Ofgem reporting that the number of people in fuel poverty may double to 12 million this winter.
Additionally, Rightmove have identified that rents are increasing by *10.8% year on year, and that **77% of all private renters were paying more than 40% of their income on rent alone.
During lockdown, the furlough scheme meant nearly everyone continued to get paid so had money in their pocket. Now, there is nowhere near the same level of financial support out there for tenants and it will take a bit of time for people to realise they’ve got less money.
When the cost of living starts to bite, can you sit comfortably knowing your investment is protected?
We want to make sure your investment and rental income is protected and can be guaranteed regardless of whether the tenant pays the rent.
Included in our Rent Guarantee:
-
Indefinite cover * – rent is paid in full until you get your property back
-
An extra 50% of the rent paid for 3 months if the property can’t be re-let due to damages or neglect caused by the tenant
-
Up to £50,000 cover for any one claim
-
Legal costs paid for any breach of the tenancy agreement
-
Market leading mediation service included to give you the best chance of getting your property back sooner (courts will always ask for evidence of mediation)
1. UK Government mortgage and landlord possession statistics, July to September 2021. Average time for landlord possession is 68 weeks, or 16 months.
Please check the terms and conditions for details of the service offered between the agent and landlord.
* Rent Guarantee payments may be paid for an indefinite number of months until vacant possession is gained, except where the tenant provides valid defence to the eviction in which case the payments are capped at 12 months. Total payment for any one claim is capped at £50,000.
Rightmove Landlord and Tenant Services Limited is authorised and regulated by the Financial Conduct Authority (FTA) Firm Reference Number 522050. This can be checked on the FCA register at (www.fca.org.uk/register) Registered in England number 7064255. Trading office address: DCS House, Silverbirch, Camperdown Industrial Estate, Newcastle Upon Type. NE12 5UJ. Registered office address: 2 Caldecotte Lake Business Park, Caldecotte Lake Drive, Milton Keynes, England.
- Legal costs paid for any breach of the tenancy agreement
- Market leading mediation service included to give you the best chance of getting your property back sooner (courts will always ask for evidence of mediation)