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News

Latest Posts

Investors need to get their finances in order

30-05-2013 12:41

Many property investors are not factoring in the costs of owning a buy-to-let property with a contingency fund and this is leading to an upward trend in repossessions. Recent statistics show...[Read More]

MOST TENANTS WILL NEVER BUY A PROPERTY !

04-04-2013 12:39

Around 60% of tenants (over 4 million people)in England do not ever expect to buy a home, recent research has shown. Owner occupation in England has decreased by 200,000 in the last 4 year...[Read More]

Improving Housing Market

13-03-2013 15:14

The sales figures of residential properties sold in the UK has reached its highest level in over two-and-a-half years, with increased activity reported in most parts of the country. Febru...[Read More]

Good start to the season

28-02-2013 17:17

Congratulations to Phillip Kelly, Sponsored by Coastal Lettings, on finishing tied 4th and only 2 shots off the winning score of 7 under par at the first event of the season of the Alps tour ...[Read More]

Landlords Information

The NIL Excess Rent Guarantee Scheme

In keeping with our commitment to providing our landlords with the best possible service, we at Coastal Lettings have enhanced our landlord protection with the provision of the innovative Rent Guarantee Scheme.

The Scheme provides peace of mind for landlords by combining the most comprehensive Tenant Assessment available in the market, with either a 6 or a 12 month Nil Excess Rent Guarantee Policy designed to protect your income should the tenant fall into arrears.

Not only this, the insurer's legal costs to pursue vacant possession of your property is also included, should this become necessary.

Key Benefits include:

  • NIL Excess Rent Guarantee (claim paid from first month of arrears)
  • Rent continues to be paid until Vacant Possession
  • Up to £2,500 rent per month covered
  • £25,000 of cover to obtain vacant possession following non-payment of rent
  • Cover available for all tenant types including self-employed, students, DSS and companies
  • Ultimate tenant assessment including current/future employer's reference as well as previous landlord's references - all where appropriate
  • Full tenants' five-years financial / loans history check in all tenant checks
  • Following a claim, we take over and administer the legal process through to eviction
  • Renewals available for a further 6 or 12 months (subject to conditions)

Consider the reasons why this is now so important...

UK unemployment figures for the quarter to May 2011 are currently at 7.7% with 2.45 million unemployed (Source: Office for National Statistics), and a BBC Business report in January 2011 confirmed the unpaid rent total at that time to be £276 million, we would strongly recommend that you protect yourself from a rapidly increasing risk by taking advantage of what the Rent Guarantee Scheme has to offer.

Even the best of tenants can have a change of circumstances during their tenancies that may lead to a default in the rental payments.

Information about our services to landlords

As an independent letting agent, Coastal Lettings are able to offer Landlords a second-to-none service within the Fylde coast lettings market.

Our sole focus on lettings separates us from many other local agents enabling us to concentrate all of our time and effort on the property rental market, offering a highly professional and fully comprehensive letting service.

Fully Managed Service

We offer our landlords a fully managed service, taking away the stress of renting and managing their property. Coastal Lettings take responsibility for managing the property and collecting the rent for the duration of the tenancy. With this service we provide:

Tenant Find Service

With our tenant find only service the landlord is responsible for managing the property and collecting the rent for the duration of the tenancy. With this service Coastal Lettings provide: