Martin & Co launches lettings insurance
Martin & Co has teamed up with HomeLet to launch a rent guarantee product for landlords.
Called The Martin & Co Promise, the new product offers rent cover and for missed rental payments, with 100% of the monthly rent paid for up to five months from a tenant's first arrears.
It also covers legal expenses for eviction costs, covering the whole property regardless of the number of tenants a landlord has.
Landlords will also receive 75% of two months' rent while they source new tenants.
Ian Wilson, managing director of Martin & Co, says: "We've worked closely with HomeLet for over five years and they've used our experience of residential lettings to develop this new product and ensure that its features and benefits are tailored to our landlords' needs.
"We carry out professional references on all of the tenants that we help to move. Sadly, in the majority of cases it's a change in the tenant's circumstances that makes them unable to pay the rent. This can put the landlord in a difficult situation, especially if their rent isn't guaranteed.
"Naturally landlords may be sympathetic, but they still need their rent. By choosing the Martin & Co Promise they can rest assured that they'll receive the rent, and that everything will be taken care of for them by the experts in HomeLet's experienced legal and claims team."
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