let alliance corporate presentation
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Please view our Corporate Presentation for Letting AgentsTRANSCRIPT
renting solutions innovated!
Tenant assessment and
insurance products just
got a whole lot better.
Find out how...
renting solutions innovated!
Our vision is for Let Alliance to be the 1st choice providerfor tenant assessmentand insuranceproducts to the UK’sresidential propertylettings market
02. Our Vision
Let Alliance was founded by a management team with over 75 years experience operatingwithin the lettings and financial service sectors.
In addition to our property management expertise, we have partnered with first classunderwriting and broking facilities in order to provide innovative and market leading solutions.
The Let Alliance management team have played vital roles in the set up, and re-shaping ofcurrent market leading products. This has given us a unique insight into the restrictions withinthese products and has allowed us to design new innovative policies and services.
Let Alliance was established to provide a new and innovative solution to the rental sector.
03. Our People
I’m Andy H
alstead
Founder
I’m Paul PearceSales & Marketing Director
I’m Laura Rosenberg
Agent Account Manager
I’m Alex HarveyHead of Underwriting
I’m Dina Morgan
Head of HR &
Corporate Relations
I’m Joanna DickensHead of Operations
10 Commitments wemake to every customer
We’re committed...
... to making business with us simple
... to helping our customers when they need us the most
... to listening to our customers
... to conducting business with honesty, openness and integrity
... to delivering the highest standards when dealing with customers, colleagues and suppliers
... to making promises only when we can deliver them
... to creating strong business growth
... to making the customer experience memorable for all the right reasons
... to fixing things if they go wrong
... to valuing and promoting diversity in all areas of recruitment, employment, training and promotion
05. The 10 Commitments
be customerfocussed
be committed
be honest
our values
be loyal
be positive
be creative
be diligent
Join the Alliance and expect more!
Expect a personal first class service
Expect a friendly and knowledgeable Account Manager
Expect a simple claims process
Expect a flexible and user-friendly online referencing and insurance system
Expect to save time with no insurance administration required from our agents
Expect online insurance “quote and buy” options for Landlords and Tenants
Expect us to cater for landlords with one property or a large portfolio
Expect free referencing for Letting Agents
Expect your credit referencing done within seconds with various options available
Expect rent guarantee insurance solutions for Agents
Expect comprehensive buildings and contents insurance specifically designed for Landlords and Tenants
Expect emergency assistance cover 365 days a year
Expect an easy life!
07. Join the Alliance
So what’s it all about?
Five Fantastic New Products
TenantAssessmentProductswith immediate
turnaround
RentGuaranteeInsurancewith NIL Excess
TenantsContentsInsurancewith NIL Excess
LandlordsBuildings andContentsInsuranceSpecialist Cover
LandlordsEmergencyAssistance CoverInnovative Claims
Process
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10. Products
Five fantastic products designed to grow your business and protect your customers!
Let Alliance has responded to the current economic climate; through collaboration with the letting agent
sector, we have created a unique and profitable range of products and services.
Our IT platform is designed specifically for Tenant Assessment and therefore provides fast online access
and processing – giving the ultimate in speed assessment and confirmation.
Buy Rent Guarantee protection from Let Alliance and the Tenant Assessment is carried out free of charge!
11. Products
1. Our Tenant Assessment Products
Tenant Express
Our “Express” credit report with instant
turnaround enables agents to secure
tenancies within the hour.
Our checks include:
✓ Affordability check
✓ Electoral Roll check
✓ County Court Judgements / Bankruptcy Orders / IVA’s check
✓ Non disclosed information check
✓ Cross application check
Tenant Ultimate
Our “Ultimate” assessment will check not only the
applicant’s credit profile, but also their previous
landlord and employment details. Our dedicated
team are experts in their field and aim to process
all applications the same day.
✓ Full “Express” assessment check
✓ Previous / Current / Future Employers reference
✓ Previous / Current Landlord Check
✓ Full Guarantor references if required.
Ability to assess:
– Students
– Applicants with independent means
– Retired Applicants
– Companies
12. Products
2. Our Rent Guarantee Insurance
Only 12% of landlords in the UK currently have legal expenses andrent guarantee insurance*
Let Alliance has developed Rent Guarantee insurance designed toprotect the Landlords and Letting Agents cash flow.
In the event a tenant defaults on their rent payments, the rentalincome will be paid.
Our Rent Guarantees provide comprehensive cover along with swiftacceptances, an easy claims process and competitive pricing.
Let Alliance Rent Guarantees are all NIL EXCESS and include fulllegal expenses cover.
6 Month Product includes:
Either an Ultimate or Express referencefree of charge
Nil Excess
Up to £2,500 rent per month
Up to £25,000 Legal Expensesincluded in order to obtain vacantpossession
Rent continues to be paid until tenant/ex-tenant vacates property.
No re-reference cost at renewal
12 Month Product includes:
An Ultimate reference free of charge
Nil Excess
Up to £2,500 rent per month
Up to £25,000 Legal Expensesincluded in order to obtain vacantpossession
Rent continues to be paid until tenant/ex-tenant vacates property.
No re-reference cost at renewal* Source: ParagonIndependent PropertyInvestment survey –April 2010
13. Products
3. Our Tenant Contents Insurance
Only 0.5% of landlords said that they insured tenants’ contents*
By forming strategic alliances with some of the UK’s market leaders,Let Alliance are able to offer a comprehensive Tenants Contentsinsurance policy, underwritten by AGEAS (formerly Fortis) atextremely competitive prices.
Our Tenants Contents product is designed to:
✓ Protect the tenants contents and personal possessions
✓ Protects against accidental damage to the landlords fixtures
and fittings
✓ Protects the tenants security deposit
Helping Agents generate additional income on every property
Key features:
6 and 12 month policies available withno administration fees
NIL Excess policy
Cover available for any Sum Insuredbetween £1 - £50,000
Tenants Liability to Landlords up to£2,500
Alternative Accommodation included
Replacement of Keys and Locksincluded
Money and Credit Card cover
Public Liability up to £2million
Additional Benefits:
Accidental Damage Option available
Unspecified Articles up to £5,000available
Specified Articles up to £7,500available
Pedal Cycle Extension available
* Source: Paragon Independent Property Investment survey – April 2010
14. Products
4. Our Landlords Buildings and Contents Insurance
4 out of 10 Landlords in the UK have insufficient protection ontheir let properties*
It’s important for landlords to have Landlord specific insurance in
place that’s designed to protect the rental property for both
buildings and contents.
We have the ability to provide cover to a landlord with one property
or landlords with larger property portfolios.
Let Alliance have a specialist insurance team to administer policies
and handle claims or queries; no administration is required by the
letting agent.
Key features:
Landlord Specific Buildings &
Contents
Bedroom rated product for ease
Up to £2million sum insured available
Accidental Damage included as
standard for buildings – no additional
charge!
Up to 90 days unoccupancy
Legal Liability Cover up to £5million
Up to 20% Loss of Rent
Trace and Access up to £5,000
Malicious Damage by Tenant
extension available
Comprehensive contents cover up to
£50,000 sum insured
Replacement locks
Competitive pricing
Variable excess discounts available
Pay monthly policies
Underwritten by AGEAS (formerly
Fortis)
* Source: Paragon Independent Property Investment survey – April 2010
Covers incidents related to:
Plumbing and Drainage
Gas and Electrical Supply
Security and Glazing
Pests
Roofing
Main Heating and Boiler cover
15. Products
5. Our Landlords Emergency Assistance Cover
Let Alliance provide an Emergency Assistance product specifically
designed for Landlords 365 days a year, 24hrs a day.
This policy pays out on unlimited claims up to £500 per claim and
up to £100 per night for alternative accommodation.
Our product also includes a Nil Excess feature!
What doesit cost?
Much less than you think
Better Products. Better Prices. Better Commission.
Product Description Price You Get
Express Reference £8.00
Ultimate Reference £16.00
6 Months Rent Guarantee Insurance + Free Express Reference £45.00
6 Months Rent Guarantee Insurance + Free Ultimate Reference £35.00
12 Months Rent Guarantee Insurance + Free Ultimate Reference £60.00
6 Months Tenant Contents Insurance (subject to status) £45.00 20%*
12 Months Tenant Contents Insurance (subject to status) £90.00 20%*
Emergency Assistance Cover £95.00 20%*
12 Months Landlord Building & Contents Insurance (subject to status) £290.00 20%*
(Special prices for portfolio insurance)
* Negotiable subject to volume
Our Business Partners...
19. Our Business Partners
Let Alliance Ltd is an appointed representative of Advent Solutions Management Ltd who are authorised and regulated by the Financial Services Authority, No. 308751. UK General a trading name of UK Underwriting on behalf of Ageas Insurance Limited
Founded in 1975, DAS havebecome firmly established asthe clear leader within the legalexpenses insurance market.
By maintaining growth andestablishing a strong financialbase, DAS has been able toinvest in the development ofmarket-leading products andservices.
Ageas is a leading provider ofaward-winning Personal andCommercial Lines insurancesolutions in the UK. Insuring inthe region of 7.6 millioncustomers in the UK and workingwith a range of partners. We worktogether with our partners andsuppliers including UK General,delivering innovative productsand exceptional customer serviceto help customers prepare forwhatever lies ahead
A specialist general insuranceintermediary and third partyadministrator providing wideranging solutions forunderwriters and distributors ofinsurance products.
How do I jointhe Alliance?
Joining the Alliance couldn’t be more simple
21. Next Steps
Complete our
Agent’s Application
form
Let Alliance
will conduct a
standard
verification check
Let Alliance will
set up an Agent
account for you
and send you an
email confirming
your account
details.
Your personal
Account Manager
will contact you to
welcome you
on-board and take
you through our
simple online
process.
You’re readyto go!
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Head Office:
19 Grosvenor Street,
Chester, Cheshire
CH1 2DD
Tel: 0845 685 0475
Contact Emails:
Head Office:[email protected]
Tenant Assessment:[email protected]
Insurance Support Team:[email protected]
General Enquiries:[email protected]
Website:
www.letalliance.co.uk
London Office:
75-77 Cornhill,
London,
EC3V 3QQ
Tel: 0845 478 4988