Letting agents deserve credit as rental market bounces back post-lockdown

Letting agents deserve credit as rental market bounces back post-lockdown

1 September 2020

The last few months have been a challenging period for us all and the lettings market is no exception.

Property professionals have had to deal with the full lockdown and then negotiate the delicate balance between managing the furlough scheme and meeting the needs of their customers. This is all whilst acclimatising to the ‘new normal’ of social distancing and the increased safety protocols.

Since the lockdown ended we’ve seen a surge in demand for rented homes and many businesses have bounced straight back to the expected business levels.

It’s been fantastic to see how the industry has faced these obstacles head-on, the dedication and work ethic, dealing with all the legislation, to provide a vital service to landlords and tenants – and ultimately the wider UK economy.

The industries response to the Covid-19 pandemic just reiterates the strength and professionalism of the private rented sector.  There are over 4.6m households in the private rented sector, there’s no doubt that the ability to move home safely is going to support the stimulation of the UK economy.  

I’m really proud of the support we’ve been able to provide to our letting agent customers. Even with the surge in demand we know agents need fast, quality tenant referencing at an affordable price.

We know how important referencing is to the lettings process, and the knock on implications if things go wrong. What’s more, the value of vetting tenants properly and providing insurance that guarantees the rent will come to the forefront in the coming months, as the risk of redundancies and pay cuts caused by the Covid-19 pandemic continues to loom.

Rent Protection

Now is the time for agents to get their business fit for the future

As a supplier to the industry, we’re here to help agents deliver the best possible service to their customers. Not only do we offer a fast and high-quality referencing service, we also give agents the means to generate more revenue through media, utilities and insurance products.

Agents who build relationships with trusted suppliers can thrive in the knowledge that they can concentrate on the details of letting property, while other key parts of the rental process are being handled efficiently.

The last few months have really shown that agents need partners and service provides that they can rely on. We’re proud of the continued support we’ve been able to offer agents through this challenging period.

I am particularly proud of our team, who have worked tirelessly to support our customers during a turbulent period when our services have been in high demand.

We now hope that the market can continue its strong recovery and move forward as 2020 progresses. We have all learnt many lessons in the last few months and one that many agents will have taken on board is that you can’t put a value on working with trusted suppliers to help get the job done.

M Dawson

Sales Director – Barbon Insurance Group Ltd

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