Intelligent Tenant Referencing
In an industry where reputation is everything, ensure you are only delivering the best tenants with Let Alliance intelligent referencing.
Express Reference – a quick credit check
Ultimate Reference – a comprehensive reference (inc earnings verification and landlord references)
Add Global for right to rent verification (bolt on policy option). The unique Let Alliance Direct to Tenant referencing is perfect in this changing market offering choice for tenants and a new income stream for Letting Agents.
Nil DepositProviding choice for landlords and tenants is vital in our ever-changing market. The Let Alliance Nil Deposit scheme provides an alternative to taking a standard deposit from the tenant. The scheme also provides a guarantee to you, for your landlord, up to a maximum of 6 weeks’ rent when a claim is made against the tenant. By replicating a cash deposit scheme, Nil Deposit does not expose any undue risks to your customers and aims to reduce time spent administering cash deposits, fees payable to the deposit schemes and time spent dealing with disputes, deductions and repayment of deposits.
Total loss client money protection (CMP)
Total Loss Client Money Protection (CMP) exclusively available to UKALA members, not available to anyone else in the market.
Rent Guarantee & Legal
The Let Alliance Nil Excess Rent Guarantee and Legal Service is designed to provide cover when the worst happens; a tenant defaults on rent and/or breaches the tenancy agreement. All claims are dealt with by the Let Alliance team directly with the Letting Agent, as the insured party; the landlord would not need to be involved.
- The Let Alliance Rent Guarantee Insurance policy is designed to provide comprehensive cover to letting agents and landlord clients.
- The policy is sold to the letting agent. You are the insured, you make the claim and Let Alliance make payments to you.
- The Let Alliance Insurable Interest Clause is written into your management terms of business and shows the landlord that you are warranting the rent in the event that the tenant defaults.
- Protect landlords from risk of rent arrears and legal disputes – whilst generating additional income.
Per Property Cover
- One Policy covers up to 4 tenants
- All tenants must undergo an Ultimate Reference
- Simply reference and link in Vision on change of tenant
- Monthly/ 6 month or 12 month cover available
Portfolio Transfer
- Transfer your entire managed portfolio in a single transaction (all tenants must have been referenced, have an AST and registered deposit).
- No arrears or disputes
- Work with the Let Alliance team for easy transition
- Generate significant additional revenue
Tenant Insurance
Earning commission for your business couldn’t be easier with 25% commission exclusively available to UKALA members. Mandate your tenants’ liability insurance and Let Alliance will do the rest.
- The ideal buy time for tenants is as they move in.
- Protecting their deposit and their landlords’ fixtures and fittings, tenants’ liability insurance is a no brainer.
- Let Alliance upsell to add tenants’ contents insurance protecting the tenants’ valuable possessions.
- Brand new, unique to the market, tenants’ income protection providing protection for accident, sickness and unemployment.
- Let Alliance make the sale and complete the administration, you earn commission for your business.
- ALL insurance products are offered on a Nil Excess basis with market leading rates.
Landlord Insurance with a full landlord support suite available, Let Alliance have landlords covered for all situations.
Let Alliance’s Buildings & Contents Insurance has been tailored to meet the specific needs of landlords offering innovative cover options such as Nil Excess, up to £500,000 buildings sum insured as standard (up to £2 million on request), Buildings Accidental Damage included as standard, Legal Liability cover up to £5 million, Contents cover up to £50,000 sum insured & an innovative Malicious & Accidental Damage by tenant option.
Let Alliance Landlords Home Emergency Assistance Cover gives the landlord 24hr peace of mind, 365 days a year. Offered with Nil Excess as standard. Let Alliance will arrange and pay for emergency assistance of up to £500 per claim including parts, labor and materials, and VAT, in the event of sudden unforeseen incidents.
Tenant Evict
A full legal eviction service should the tenant default on rental payments in the first 12 months, with all costs covered by Let Alliance.
- As this is not an insurance policy there are no regulations surrounding re- sale or re-branding.
- Completely pre-paid service to gain a possession order following the expiry of Section 8 or Section 21.
- Available for all accepted tenants; Acceptable for Tenancy or Guarantor Recommended with an Acceptable Guarantor.
- Used for gaining possession only, no recovery of rental arrears.
PI Insurance
As a specialist industry leader in lettings insurance, Let Alliance provide a wide range of products to help reduce your overall costs and protect your business from undue risk.
Designed specifically for the property sector, cover from Let Alliance meets the demands of our market and the risks businesses face in the 21st century, at a competitive price.
- Privacy costs cover – support if a privacy breach is committed.
- Virus cost cover – if damage is created to a third party’s computer by transmitting a virus, repair costs are covered.
- Disputed fee cover – if there is a suggestion that a fee is not being paid due to a potential claim, the policy will settle the fee to avert the claim.
Fit For the Future
UKALA and Let Alliance are dedicated to offering UKALA members a seamless transition into a world where tenant fees are banned.
The coming months will see significant changes in our industry, and to help you prepare, Let Alliance have developed ‘Fit for the Future’. The proposition will deliver protection and provide significant earning opportunities in the post tenant fee ban market, as well as mitigating lost income once the ban is in place.
The Fit for the Future proposition includes a range of services available to UKALA members, visit www.letalliance.co.uk to find out more.