Rent Guarantee from Rightmove
Eviction protection, your way.
Whether you are looking to add Rent Guarantee and legal expenses insurance into your managed service, or would rather encourage your landlords to take out their own policies, we’ve got you covered.
Did you know?
3 in 10 landlords not using a letting agent say they would if they could guarantee their rental income.1
Clearly, rental arrears can be distressing for a landlord, who may rely on this income to pay a mortgage.
Remember, Rent Guarantee policies from Rightmove are Renters’ Rights ready so you and your landlords don’t need to worry about changes to the eviction process.
Your options
How to order a policy
Once you’ve decided that you’re going to order an Agent Rent Guarantee policy or refer a landlord for Landlord Rent Guarantee, click the Order Policy link in the top right hand corner of the Rent Guarantee Insurance dashboard on Rightmove Plus.
You’ll then be presented with the option to either Order a Policy or make a referral.
If you have any questions or would rather speak with an agent, please contact us at Rightmove Landlord Tenant Services on 0191 256 0925 or email us at insurance@rightmove.co.uk.
What is Rent Guarantee?
Rental income is covered until you get vacant possession of the property if the tenant can’t or won’t pay their rent.* There are also no nasty surprises with legal fees, as legal costs are also covered.*
The policy includes market-leading mediation, so all basis are covered before a possession claim goes to court.
How to talk to landlords about Rent Guarantee
Discuss what happens if rent stops being paid. Does the landlord think your managed service will take care of things if the tenant stops paying rent? Are they aware of the substantial costs involved?
Talk about eviction costs. The legal costs involved in an eviction in the UK vary from around £1,300 up to £3,000 or more depending on the complexity of the case2.
Talk about your landlord’s motivations. Do they need rental income to fund their retirement or pay a mortgage? Could they cover these costs if the rent stopped being paid?
Prefer for us to talk to the landlord?
Simply fill in the referral form and we’ll do the rest!
Rather speak to an agent?
If you have any questions or would rather speak with an agent, please contact us at Rightmove Landlord and Tenant Services on 0191 256 0925 or email us at insurance@rightmove.co.uk.
Sources: 1. Rightmove Landlord Survey, July 2024. Sample of 1,612 active landlords for UK residential properties. 2. PHRS Solicitors, Benchmark Solicitors LLP, Landlord Action, 2024.
*Terms and conditions apply. Subject to eligibility criteria. Always check the policy wording for full benefits and exclusions. Rent guarantee payments may be paid for an indefinite number of months until vacant possession is gained, except where the tenant provides a valid defence to the eviction in which case payments are capped at 12 months. 75% of the monthly rent paid after vacant possession is gained in some circumstances. Total payment for any one claim is capped at £100,000. Policies are administered by Legal Protection Group Ltd and underwritten by Financial & Legal Insurance Company Ltd.
**Up to policy indemnity limits.
Rightmove Group Limited (RMG), Firm Reference No. 491645, is an Appointed Representative of Rightmove Landlord and Tenant Services Limited (RLTS), which is authorised and regulated by the Financial Conduct Authority, Firm Reference No. 522050. This can be checked on the FCA register at www.fca.org.uk/register. The following companies are registered in England and Wales at 2 Caldecotte Lake Business Park, Caldecotte Lake Drive, Caldecotte, Milton Keynes, MK7 8LE: Rightmove PLC No.06426485; Rightmove Group Limited No.03997679; Rightmove Landlord and Tenant Services Limited No.07064255; and Rightmove Financial Services Limited No.11211259. Rightmove Landlord and Tenant Services Limited and Rightmove Financial Services Limited are subsidiaries of Rightmove Group Limited. The trading address of Rightmove Landlord and Tenant Services Limited is: Suites 12 and 13, Part Ground Floor, Neon, Q10 Quorum Business Park, Benton Lane, Newcastle Upon Tyne, NE12 8BU.
