Analysis by Rightmove suggests almost 74,000 home-movers in England are currently going through the legal completion process and will just miss the 31 March deadline before thresholds drop.

The total number of homes currently going through the legal completion process is much higher, however most were never likely to make the 31 March deadline, the portal said.

Financial Safeguarding

Rent protection is a crucial safety net for Landlords, ensuring consistent income in the event that Tenants fall into rental arrears. Life is unpredictable, and Tenants may encounter financial difficulties. With rent protection in place, Landlords are shielded from the financial strain caused by missed or delayed rent payments. This financial safeguarding allows Landlords to maintain their property investment without the stress of uncertainty.

Covering Legal Expense

Legal disputes can arise in any Landlord-Tenant relationship, ranging from eviction proceedings to property damage disputes. Legal protection provides coverage for the expenses incurred during legal proceedings such as court orders and solicitors’ costs. On average, these costs can exceed £3000.00, and this isn’t taking into consideration whether the Tenant is also in rent arrears. Legal cover provides Landlords with the peace of mind that they can pursue necessary legal actions without shouldering exorbitant costs.