Source Insurance has announced an enhancement to its buy-to-let (BTL) proposition by adding a ‘rent guarantee’ product provided by Lexelle Limited.

The product offers an extra layer of protection for landlords by protecting their income, at a time when the cost of living provides potentially challenging circumstances for their tenants.

For most Landlords, non-payment of rent is one of their “biggest concerns”, Source Insurance stated.

“Source Insurance is pleased to announce this addition to our competitive BTL offering at a time that presents challenges yet fresh opportunities for landlord clients,” said sales director at Source Insurance, Carl Oakes. “Now is the ideal time for brokers to review their landlord customers and make this valuable protection available to them.

“We will continue to strengthen our proposition over the coming months, providing our partners with the tools to offer hassle-free insurance at fair and square prices.”

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