So basically anyone renting who suffers an interruption to income is likely to struggle to pay the rent should their income be interrupted. That can be particularly problematic if tied into a lease agreement.
No-one likes to give up their independence to move back in with the parents, and it’s not always possible anyway so speaking to renters about their protection needs is absolutely an opportunity to create new clients.
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And for those with aspirations to buy, well they’ll have expert advice, from a professional they now know and trust.
Royal London has a policy paper, Renters at Risk, which discusses more on this topic.
Denise Wond is marketing relationship manager for Royal London
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