“Bah! Humbug” – the expression made famous by the fictional character Ebenezer Scrooge in the Charles Dickens novel ‘A Christmas Carol’ might strike a chord for some landlords who find themselves out of pocket due to non-payment of rent in the lead up to Christmas. Last year the number of tenants more than 2 months behind in their rent jumped by 13% immediately following the festive season (LSL / Templeton LPA, Tenant Arrears Tracker, April 2014)
Non-payment of rent is a landlord’s worst nightmare, and is particularly emotive at Christmas. Very often it doesn’t get resolved until well into the New Year, and this can cause cash flow issues for a landlord who is working on tight margins and has to budget for their own personal Christmas expenditure.
This is where Northwood’s Guaranteed Rent service comes into its own. It gives landlords complete peace of mind that no matter what time of year it is, or even if there is no tenant in the property the rent is going to be paid each and every month.
Next year at Northwood we will be celebrating our 20th anniversary. Our Guaranteed Rent service also comes of age after being market leading for 18 years. We pride ourselves on providing complete landlord peace of mind and ensuring that our landlords have as stress free experience of renting property, as possible as our Operations Director, Nick Harris, explains:
So, why not make it your New Year’s resolution for 2015 to not have to worry about rental payments again? You’ll be joining over 15,000 Northwood landlords who already enjoy the benefits of a guaranteed rental income.
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Northwood is one of the largest and most recognised lettings agents in the U.K. and the leading supplier of Guaranteed Rent to give landlords complete peace of mind.
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