Goodlord’s CEO, William Reeve, said: “Offering deposit replacement insurance is just one of the ways we’re working to provide the best renting experience in the world, by helping letting agencies to create new revenue streams while giving renters a better way to get into their new home.”
Goodlord’s insurance-backed deposit replacement scheme has been white labelled, which means letting agencies can ensure complete alignment with their own brands.
Reeve added: “After a successful testing period with a select group of our customers, we’re excited to now offer deposit replacement insurance to all the agencies we work with.”
It has been a long time coming, but the tenant fees ban, which forbids landlords and letting agents in England from charging tenants letting fees, will finally come into force from June 1. The Tenant Fees Bill, first mooted in November 2016, when Chancellor Philip Hammond announced plans to introduce the new rules, as part of his Autumn Statement, is widely viewed as a draconian measure within the letting industry. The new law does not just mean a ban on letting fees, but also the majority of other upfront fees payable by tenants to rent a property in England.