Research from Spotahome used a base of 1,322 UK tenants in the research on the impact the pandemic has had on the rental market and emotions towards it.Some searching tenants remain hesitant until the lockdown is eased, others have been forced to pause their search owing to shielding, quarantine, or local travel restrictions, and sadly, 16% of tenants currently renting have had to reconsider their affordability owing to reduced income and job losses.
In good news, over three-quarters of tenants feel safe renting, and the lockdown roadmap will add some level of certainty and reassurance for the remaining concerned parties.However, in light of the current conditions and challenges posed to tenants, particularly when it comes to affordability, landlords need to consider what would happen if tenants are unable to meet their financial obligations.
Landlords must insure against the non-payment of rent, we are able to offer our landlords Rental Guarantee insurance, meaning their rental income is protected if a tenant falls into arrears.
Our new Rental Guarantee policy pays out:– 100% of the monthly rent (up to £2,500) for 12 months– An additional 50% of the rent if there’s any major damage– Legal costs of up to £50,000
All of this with no excess charges.
Get in touch to find out more about our Rent Guarantee policy, available via Van Mildert, the referencing company that we use.
For further information or advice, please contact one of our qualified lettings consultants on the numbers below or lettings@mackenziesmith.co.uk.
Fleet, Hook, Hartley Wintney, Yateley: 01252 514000
Farnborough, Ash Vale, Aldershot: 01252 551045
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