Is your buy to let investment protected?

Is your buy to let investment protected?

If you are a landlord with one or multiple rental properties, it is even more important than ever to ensure your investment is protected.

Rental guarantee insurance covers you for the non-payment of rent…

  • Imagine your tenants suddenly lost their jobs and were unable to pay the rent for the foreseeable future.
  • Do you have a mortgage/finance on the property?
  • Are you reliant on this rental income to pay for other commitments?

If any of the above points relate to your circumstances, it is well-worth looking into the benefits of a rental guarantee insurance policy.

In the unfortunate situation where you have to evict a tenant due to non-payment of rent, there is strict legislation and legal process to follow. This can be time consuming and expensive:

  • The average time between making a claim for eviction and achieving a repossession is 37 weeks!
  • How much rent would you stand to lose during 37 weeks?
  • Court costs can exceed £3,000.
  • There may be repairs and maintenance required at the property once the tenants have been evicted. This again may prove costly.

Indlu Estate Agents represent landlords both in the UK and overseas and offer a bespoke, proactive service with landlord’s best interests at heart.

Indlu are experts in the lettings and management of properties throughout the North West of England.

If you are asking yourself, what is the value of my rental property, or how much rent should I charge, why not visit our free online rental valuation tool for an instant valuation! 

Indlu’s referencing provider has confirmed that a rent guarantee policy can still be purchased mid-term (which is rare) to help protect yourself and your investment as much as possible. So, if you already have a tenanted property and would like to benefit from this insurance, you can! 

By purchasing this policy via Indlu Estate Agents, you also benefit from preferential rates of just £180.00 plus VAT for a 12 month policy. This offer is available to all landlords, regardless of whether they are an Indlu client or not.

There are some important points to take into consideration before arranging a rental guarantee insurance policy for your buy to let investment property:

  • Tenants must have passed referencing
  • Prior to the tenancy starting, there is proof of previous address
  • A copy of their ID is held
  • Policies taken midterm do carry an initial 60 day ‘no claim’ fraud protection clause. For the full policy wording, please contact: simon@indlu.co.uk
To arrange your rental guarantee insurance policy, simply call the Indlu team on 0161 537 2727 or email: simon@indlu.co.uk.

Get Your Property Sorted with Indlu

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The Forum,

Tameside Business Park,

Denton, Manchester

M34 3QS

Call Us: 0161 537 2727

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