Portico partners with Goodlord to provide rent protection service

to let void periods

Portico, an estate and lettings agency, has partnered with Goodlord to offer landlords insurance.

If landlords take out a policy they will have their rent paid in full should the tenant fall into arrears. This applies for up to 12 months.

The basic policy costs £250+VAT.

Robert Nichols, chief executive of Portico, said: “Landlords and tenants have faced uncertain and unpredictable circumstances in recent months, from adjustments to notice periods as a result of the Coronavirus Act 2020, to the recently extended stay on possession proceedings.

“I believe that responsible agents should be planning for a second spike in the COVID-19 infection rate. Part of that responsibility means taking prompt and decisive steps to protect our landlord clients.”