Ceta launches rent guarantee products in response to Renters’ Rights Act
The new products include 12- and 18-month cover options, each available with either zero or two months’ excess, with premiums starting from £110.
Ceta has launched four rent guarantee products for intermediaries, as landlords face increased income risk following the introduction of the Renters’ Rights Act 2025.
The new products include 12- and 18-month cover options, each available with either zero or two months’ excess, with premiums starting from £110.
All policies are underwritten by Addept and include up to £50,000 of legal expenses cover.
Ceta said the launch responds to changes in the rental market, with median possession times rising to 27 weeks and landlords facing at least four months of lost rental income before Section 8 proceedings can begin.
Claims durations are forecast to increase by between 75% and 100%, with legal expenses volumes expected to rise by up to 200%.
The firm added that demand for protection is increasing, with 76% of landlords more likely to seek cover as a result of the legislative changes.
James O’Hara, commercial director at Ceta, said: “Having the right protection in place against unpaid rent and tenant disputes is more important than ever.
“Standard 6-month cover is no longer sufficient; cover of 12-18 months is more aligned to the current possession timelines facing landlords, because of the potential for longer arrear thresholds and significant court delays.
“We’re therefore delighted to lead the market by providing intermediaries and their landlord clients with a range of flexible cover options that ensure cover remains accessible and aligned to the real-world impact of these far-reaching legislative changes.”
Richard Finnan, managing director at Addept, said: “Private sector landlords are facing significant disruption as a result of The Act.
“We’re delighted to support Ceta as they bring to market products designed to mitigate the legal risks and protect against rent arrears and repossession costs.
“It’s great to work with partners who, like us, have the expertise to move quickly and help intermediaries respond to the changing risk and regulatory environment of today’s rental market.”
Related
Molo reduces BTL rates for UK residents
The Tipton expands limited company and expat mortgage ranges
Skipton BS and The Co-operative Bank among latest lenders to update mortgage ranges
UTB cuts 2-year BTL rates by up to 0.50%
Principality increases product transfer rates by 0.10%
Accord cuts residential and BTL rates by up to 0.18%
Fleet Mortgages reintroduces zero fee and fixed-fee HMO and MUFB products
Rely cuts BTL mortgage rates by up to 0.25%
Coventry for intermediaries cuts selected residential and BTL rates
Keystone Property Finance cuts rates by 0.10%
Millennials and Gen Z set to make up 62% of landlords within a decade, Rely finds
