UK Landlord Forum / Life

Hi,

Could you recommend me a rent guarantee with no excess. Thanks
I had problems with the previous tenants.

Thanks

Can't help, don't use them, full of terms and conditions.

Thank you anyway

I am in the same boat. I purchase mandatory insurance, that is all. I do not care about how impressive a policy sounds... Insurance Companies always win, purchasers of their policies always lose. That is how it is all designed, after all. Otherwise the industry would not exist. It is a profit-making endeavour and they're very very good at it.

Practically all of the policies exclude the first months rent so that's tough.
I dont usually bother with such a policy.

I did however get into situation on a large income property which due to circumstances I was not 100% happy with went with a policy from Rent on Time (I really am not advertising - I have no connection at all to these folks) - my agent was able to reduce the fee as they have some arrangement with them (check out their fees).  They do not exclude the first month rent.

https://www.rentontime.co.uk/letting-agents/
[I leave it to the other admins to remove the link]

Amazingly despite my skepticism it actually worked.  Tenant bailed out, they continued to pay.
This was 4 years ago so cannot comment on recent performance.

Best of luck.