Rent guarantee insurance can help prevent BTL repossession misery

Keshav Thukaram, managing director of Smartlandlord.co.uk, the property services website for landlords, calls for more awareness of rent guarantee insurance among buy to let landlords. "Mortgage arrears in the private rented sector are rising, particularly as a result of tenants failing to pay their rent. In uncertain times, landlords need to protect themselves against this."

"Unfortunately, many landlords are not yet aware that rent guarantee protection exists and letting agents are often dangerously complacent in promoting rent guarantee products as a means of fighting rental arrears, voids and the threat of repossession."

"We are working closely with landlords across the UK to develop solutions that can help the buy to let sector weather the storm. Next month, we will launch a comprehensive range of innovative products and services, including rent guarantee insurance."

"A sustained campaign is needed to protect both tenant and landlord against the misery of repossessions. We are determined to be at the forefront of this campaign. It is vital that landlords take a proactive approach to managing their portfolio by making the best possible use of the tools available to them to save money and increase stability."