Landlord Protection

BELVOIR WELLINGBOROUGH take the treatment of landlord's and tenant's funds very seriously.

SAFE - Safe Agent Fully Endorsed       Safe Agent                             

This is a mark denoting firms that protect money belonging to landlords and tenants through client money protection schemes. Read more about SAFE agent.

Landlords often make decisions according to cost but it is important that landlords consider the safety of their money. Regulated firms maintain and operate separate designated client accounts where landlord monies are held completely separate from the operating funds of the firm.

If an agent cannot provide you with the assurance of knowing they are covered by a clients money protection scheme, the question you should really ask is; why not?

Belvoir Wellingborough was one of the first agents to become a SAFE agent.

NALSNALS

The National Approved Lettings Scheme is an accreditation scheme for lettings and management agents. If offers peace of mind to landlords and tenants in knowing that they are dealing with a firm which agrees to meet defined standards of service. It has in place the necessary insurances to protect clients' money plus a customer complaints procedure offering independent redress.

Belvoir Wellingborough is a member of the NALS client money protection scheme, details of which may be found here.

The Property Ombudsman TPO        TPO Lettings

Belvoir Wellingborough voluntarily subscribe to The "TPO Code of Practice" which requires agents to meet all their legal obligations when acting as agents, but it goes above and beyond that by requiring agents to adopt and follow ‘best practice' We belong to The Property Ombudsman redress scheme with website www.tpos.uk and phone number 01722 333306.

For more details as to why you should use a TPO registered agent, click here

DPSDPS                     

Tenancy deposit protection (TDP) schemes guarantee that tenants will get their deposits back at the end of a tenancy, if they meet the terms of the tenancy agreement and do not damage the property.

Landlords must protect their tenants' deposits using a TDP scheme if they have let the property on an assured shorthold tenancy (AST) which started on or after 6th April 2007.

Belvoir Wellingborough use the DPS and further details may be found here.

INSURANCES

As experts in the rental market we understand the protection that Landlords require. Working closely with Let Alliance, and recognising the quality of our processes, Belvoir Lettings can offer our Landlords the following exclusive policies.

Buildings and Contents Insurance includes:

Cover for unoccupied buildings for up to 120 days.Malicious damage and theft by tenants or guests is automatically covered at no extra charge.Accidental damage included as standard.Landlords contents automatically covered.Property owners legal liability of £5m included as standard.Employers liability up to £10m included as standard.Legal expenses up to £50,000 included as standard.Alternative accommodation, loss of rent and cost of re-letting included as standard.

Rent guarantee and legal expenses cover insurance includes:

Cover for the entire rental amount.Top legal advice offered 24/7.Cover for up to £50,000 for legal costs and expenses.Cover for up to £50,000 for tenant default.Cover for 75% of the monthly rental for up to 2 months after vacant possession has been obtained.Cover for costs involved in regaining possession of your property. The insured’s loss of earnings up to a maximum of £100 per day and £1000 in total, when attending court or performing jury service.Cover for accommodation costs while possession of your property is being recovered (if you wish to live at the investment property).

Call us today and we can set up a no obligation quotation for you.

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