Landlords Urged not to fall victim to the credit crunch!!

With the continuing rising unemployment and uncertainty in the economy we here at Hayfield Robinson feel it is more important now than at any time in the past to chose tenants very carefully and minimise the risks of letting residential property.   Comprehensive referencing is an absolute must to ensure tenants have a clean credit file and previous landlord’s references are invaluable when assessing the suitability of new tenants.  Lee Bilbrough commented ‘ we are a great believer in avoiding a problem rather than having to deal with it once it occurs and as such we have adopted an extremely strict vetting process using the Country’s Leading Referencing Agency, Homelet who provide us with a range of information allowing us to assess the suitability of each and every applicant.  It is our aim to only introduce the best possible tenants to our landlords”.  For a ‘belt and braces’ approach Hayfield Robinson, in partnership with Homelet can provide landlords with a range of rent guarantee and insurance products designed specifically to safeguard landlords rental income.  Rent guarantees have a number of key benefits including payment of up to 6 months rent arrears as well as up to £25,000 of legal expenses towards the eviction of unlawful tenants following non payment of rent.   “It is more important than ever for landlords to make an informed decision when choosing a suitable tenant based on their ability to pay the rent however rent guarantee policies can give landlords peace of mind about not being able to meet mortgage payments etc if their tenant is unable to pay for whatever reason” added Director, Lee Bilbrough. For more information on our comprehensive referencing and vetting process or indeed the range of rent guarantee policies available to landlords then please contact Lee Bilbrough.