Risk as rental arrears rise

Despite a recent RICS survey showing interest rates down and rents up tenants are still facing financial pressures, leading to increased rental arrears.

The National Landlords Association (NLA)have launched NLA Rent Guarantee Insurance offering a way for landlords to minimise the risk from loss of rent. Should problems arise during the tenancy, the cover also provides legal expenses and a dedicated 24-hour advisory service. Also, Barbon Insurance Group, which includes leading flat insurer Deacon Insurance, has launched a specially designed scheme providing let property insurance and risk management. BIBALet Online offers fast cover, competitive rates, attractive commission, and increased efficiency.