Rental insurance

 

ffields property management rentals and lettings in pimlico sw1

Rent Guarantee Insurance

If you have done your tenant screening and verifying properly hopefully you won't have problems with your tenant paying rent. However, even with the best of intensions tenants can have difficulty paying their rent. Illness or sudden redundancy can strike at any time. If you are unlucky enough to get saddled with a bad tenant you could be in for a longish period of legal battles until you obtain possession through eviction.

Rent guarantee insurance therefore is an excellent and relatively inexpensive (3 to 5% of rental) way to minimise your risk and is especially valuable for landlords with perhaps only one property, which may be heavily mortgaged. Landlords with a portfolio of properties can usually stand a period of non-payment, whereas a single property owner may not be able to maintain mortgage payments in these circumstance, putting the whole investment at risk.


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 Plan your personal finance, first question to ask, with professional help, work out how much you can afford.

Searching for property can be daunting, use our interactive agent to keep you up to date with changes in the market and fresh properties coming to the market.

Once you have found a property you may need help in agreeing all the terms to secure the deal. There may be a chain involved, or survey difficulties. We are there to help you through this stage. Liaison with your legal adviser will also be crucial.


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