"This landlord opt-in feature will enable more landlords to access the benefits and security that rent protection can bring, with minimal hassle"
- Tom Goodman - Vouch
The RentTech specialist's new feature enables landlords to opt-in to their letting agent’s rent protection services via a ‘one-click’ option when approving tenancy applications. This means landlords can assess whether eligible tenancy applications would benefit from the additional security their agent’s cover can provide and select their choice accordingly, without any additional time or processes being involved.
For agents, this new feature enables them to give their landlords more choice and autonomy over additional services, as well as open up a fresh revenue stream for their letting agencies.
The instant opt-in feature was developed in response to rising demand from agents to be able to offer landlords access to their rent protection services via integrated features, making access to cover simpler for both sides.
Demand for RPI has been steadily rising over recent years. In 2022, an analysis by Vouch and parent company Goodlord found a 17% rise in the number of agents purchasing Rent Protection Insurance compared to 2021 levels.
In Goodlord and Vouch's State of the Lettings Industry survey, which surveyed more than 600 letting agents, Vouch found that 26% more agents are likely to offer a rent protection service directly due to the proposed abolition of Section 21.
Tom Goodman, Managing Director at Vouch, comments: “This landlord opt-in feature will enable more landlords to access the benefits and security that rent protection can bring, with minimal hassle. At the same time, agents will be able to unlock new revenue streams and ensure their landlords are protected.
"We hope this latest Vouch feature supports our letting agents and landlords to deliver straightforward, efficient, and cost-effective rental offerings.”