RentGuarantor Holdings PLC Recognised Supplier Scheme Agreement (6966H)
08 Abril 2022 - 1:01AM
UK Regulatory
TIDMRGG
RNS Number : 6966H
RentGuarantor Holdings PLC
08 April 2022
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8 April 2022
RentGuarantor Holdings PLC
(the "Company" or "RentGuarantor")
Recognised Supplier Scheme Agreement ("Agreement")
RentGuarantor is pleased to announce that it has been granted
the status and title of Recognised Supplier by the National
Residential Landlord Association ("NRLA") for an initial term of 12
months renewable by paying the annual scheme fees. Under the
Agreement, RentGuarantor has a non-exclusive licence to use the
NRLA trademarks in the United Kingdom and Northern Ireland.
The NRLA has over 95,000 registered landlords and is recognised
as a place of primary importance for information and training for
landlords nationally. The NRLA also actively lobbies Government on
policy.
Being approved as part of their Recognised Supplier Scheme
("RSS") gives RentGuarantor privilege access to NRLA's registered
landlord base in the UK, and the latter control approximately
500,000 properties.
RentGuarantor specialises in issuing rent guarantees for Tenants
to protect Landlords and the Company' s risk from rent guarantees
is fully underwritten by Lloyds of London.
We expect to develop this relationship to drive revenue by
working with NRLA at local, regional & national levels.
Commenting for NRLA, Sam Croasdale Head of Partnerships and
Innovation: "The partnership with RentGuarantor is a great
opportunity for our organisation to add an additional layer of
surety for the Landlord getting paid their rent in full during the
course of the tenancy. We look forward to working with
RentGuarantor to promote this service to our members".
The directors of RentGuarantor accept responsibility for this
announcement.
**ENDS**
For further information please contact:
RentGuarantor Holdings PLC
Paul Foy, Chief Executive Officer
+44 207 193 4418
Alfred Henry Corporate Finance Limited (AQSE Corporate
Adviser)
Nick Michaels
+44 20 3772 0021
Optiva Securities Limited (Broker)
Vishal Balasingham
+44 203 411 1881
About RentGuarantor Holdings Plc
RentGuarantor provides a rent guarantee service to tenants
wishing to rent property in the UK from the Private Rental Sector
("PRS"). The rent guarantee service is an online service where
applications can be managed on a secure and bespoke digital
platform designed and built by RentGuarantor. RentGuarantor
supplies its service to the whole of market - students, employed,
and people on benefits including Universal Credit. Local
authorities have a legal obligation under housing and other
property related Acts of Parliament to provide tenants with a home
and this is mostly achieved by paying for the tenant to reside in a
PRS property. Local authorities use the guarantee service as they
cannot become a guarantor. RentGuarantor's risk from rent
guarantees is fully underwritten by Lloyds of London.
The Company's strategy is to strengthen its senior and middle
management team and grow revenue in accordance with its business
model. RentGuarantor sees the PRS continuing to grow with
affordability to buy, coupled with lifestyle choices being the key
drivers over the next 3-5 years.
RentGuarantor will rollout additional services that complement
RentGuarantor's proposition, which will deliver additional revenue,
and cement RentGuarantor as the leading rental guarantor company in
the UK.
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END
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April 08, 2022 02:01 ET (06:01 GMT)
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