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Using a letting agent
Obviously it is less trouble to simply put your rental property in the hands of a good letting agent, but they are expensive, costing between 5% and 15% of your annual rent – and it's usually demanded up front. A much cheaper way of getting similar peace of mind is to simply buy Landlord Rent Guarantee & Legal Expenses Insurance.
Landlord Insurances
You can guarantee your rent up to £2500.00 per month* for only £98.70 per year with Landlord Rent Guarantee and Legal Expenses Insurance from Rentguard
Letting agents are expensive so a great alternative to gaining some of the security they bring to the table is to consider letting the property yourself whilst taking out Landlord Rent Guarantee and Legal Expenses Insurance.
• For as little as £98.70 a year landlords can insure rent up to as much as £2500.00 per month.* Alternatively you can insure the same rent for 6 months for an incredible £52.50!
You will have to comply with certain requirements, such as obtaining credit checks on your tenants but in fact such checks of themselves actually tend to deter dodgy tenants! Please refer to the insurer if you require guidance on these matters.
So, if you're looking for some peace of mind when letting property, with Landlord Rent Guarantee & Legal Expenses Insurance you at least know that your rent will be paid automatically after one month* and the inevitable legal expenses to remove the tenants will be paid.
Just click on the panel above for details of referencing requirements etc.
See our Rent Guarantee FAQs page for further advice on these policies.
Click panel above for INSTANT QUOTE FOR RENTGUARD LANDLORD RENT GUARANTEE & LEGAL EXPENSES INSURANCE.
Save £10.00 admin fee – buy online.
More information on Landlord Rent Guarantee Insurance here.
Landlord Building Insurance
When it comes to flats and indeed most leasehold property you will usually find that Building Insurance is included in the service charge. In the case of freehold property such as most houses, you will have to ensure that the building fabric is covered and in fact your mortgage company will insist on it.
Blocks of Flats Insurance
If your management company has the right to select which company should supply the buildings insurance for the whole block, it is vital that you make sure that the management company is in fact getting the best value for your money. Where the freeholder is left to their own devices you will probably be paying too much as they have no incentive to shop around.
Click panel above for INSTANT QUOTE FOR RENTGUARD LANDLORD BUILDING AND/OR HOME CONTENTS INSURANCE
On 'PROPERTY DETAILS" You can select 'Buildings' OR ''Contents' OR both.
Save £10.00 admin fee – buy online.
More information on landlord building insurance here.
Landlord Home Contents Insurance
If you are letting your property or properties furnished it can be a good idea to take out Landlord Home Contents Insurance. It does tend to cost a little more than owner occupier contents insurance simply because the risk of loss or damage is greater. Although your contents will to some extent be protected by the security deposit, it's quite possible that your property could be lost or damaged due to no fault of the tenants such as flooding etc.
You can, if you wish, buy both Buildings Insurance and Home Contents Insurance at the same time.
Click panel above for INSTANT QUOTE FOR RENTGUARD LANDLORD BUILDING AND/OR HOME CONTENTS INSURANCE
On 'PROPERTY DETAILS" You can select 'Buildings' OR ''Contents' OR both.
Save £10.00 admin fee – buy online.
More information on Landlord Home Contents Insurance here.
Finding a good Buy To Let Mortgage or Remortgage
It's getting increasingly hard to find a good buy to let mortgage, or investment mortgage as they are sometimes called. We have some advice here on obtaining a new buy to let mortgage or remortgaging.
Other information and advice on landlord insurance and more
If you'd like some advice on choosing rental property, there's some information here. Often the cheapest way to buy property is to buy at auction, check out the details here. Maybe you are considering buying rental investment property overseas – there are many pitfalls, look at our advice and tips here. There's information on both Building and Contents Insurance for landlords. If you own or run a fast food outlet, surgery, restaurant of office premises take a look at our Commercial Insurance policies.
Maybe you are a tenant and concerned about insuring your contents, the Tenants Contents Insurance here can also help protect your security deposit. We also have details of some excellent Tradesmen Insurance policies to insure against claims for damage or even to cover stolen plant and tools. If you are wanting to let your property at a good rate and quickly then it's important to prepare that rental property with the right decor at the right price. How will you market your rental property? Will you try doing it privately or by using a letting agent – we discuss the pros and cons.
If you decided to rent privately it's advisable to ensure that you reference your tenants carefully first – here are details of credit referencing agencies. The Assured Shorthold Tenancy (AST) is now the established form of tenancy agreement, check out the important facts here. Since this ridiculous government came to power they have introduced a huge number of Government Regulations which directly affect landlords and the letting of property – some information here. If despite all the credit checks etc you are unfortunately still landed with the problem of having to evict tenants there is some advice on the process here. Finally, if you do let your property privately it's important to source good tradesmen; plumbers, electricians, builders etc, we include some advice here – happy letting!
*Subject to the Terms & Conditions of the Rentguard Policy wording.
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Call 0844 357 8125
quoting 'Landlords and Letting'. Lines open 8.00am to 5.30pm Mon to Fri or 9.00am to 1.00pm Sat. Otherwise please leave a message and an advisor will return your call.
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ASSURED SHORTHOLD TENANCY AGREEMENT
FREE DOWNLOAD*
Free AST Agreement Download
Please note that Landlordsandletting cannot be held responsible for any errors or ommissions in this free download. You are advised to check the document carefully to assure yourself that it contains all the safeguards/restrictions to tenure etc that you require.
By downloading this document you agree to this disclaimer.
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