The release of the latest unemployment figures indicate that difficult times continue to loom for the UK economy, potentially affecting thousands of private landlords.
Economists now fear that the UK’s labour market will be unable to sustain the government cuts, and with previously safe jobs in the public sector at risk even those in what were once considered stable jobs could find themselves out of work in the coming months.
This is where Martin & Co (Wokingham & Bracknell) can help. In partnership with HomeLet, the UK’s leading insurance provider for the lettings industry, Martin & Co can provide landlords with fast and accurate tenant referencing and guarantee their rental income should the tenant fail to pay.
Commenting on the lettings market Peter Harris, Principal said: “Finding the right tenants can be a time consuming process but by working in partnership with HomeLet for our tenant referencing we already have a head start. Our tenant references provide landlords with detailed information about prospective tenants including their credit history, employer’s references and previous landlord references.
“Sadly, in the current economic climate there’s no longer any certainty that any tenant, no matter how good their references are, will be able to make their rental payments for the entire tenancy term. That’s why we offer the exclusive Martin & Co Promise, which protects the landlord’s rental income even if one of their tenants goes in to arrears.”
The Martin & Co Promise provides cover for the whole property, no matter how many tenants a landlord has. Martin & Co pay the monthly rent for up to a maximum of 5 months from the first date of arrears and even provide 75% of the rent for 2 months whilst they’re re-marketing the property to find suitable tenants.
Peter continued “I’d strongly urge any landlord to consider protecting their rental income. If a tenant does fail to pay the rent, for what ever reason, landlords may be sympathetic but it could cost them thousands in missed rent and legal fees.
“The Martin & Co Promise also includes access to a specialist legal team who take care of everything on the landlord’s behalf if the worse happens. This really helps to take the stress out of what can be an extremely difficult situation.”
The Martin & Co Promise also provides cover for legal expenses up to £75,000 to cover eviction costs if a tenant fails to pay the rent.
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