RentGuarantor Holdings PLC Licence to use RentGuarantor Software (4762N)
January 23 2023 - 1:00AM
UK Regulatory
TIDMRGG
RNS Number : 4762N
RentGuarantor Holdings PLC
23 January 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
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WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
23 January 2023
RentGuarantor Holdings PLC
(the "Company" or "RentGuarantor")
Licence to Use the RentGuarantor Software
RentGuarantor (AQSE: RGG) , a provider of rent guarantee
services to prospective tenants across the socio-economic spectrum
wishing to rent property in the UK private rental sector,,
announces that it has entered into an agreement with Clever Student
Lets Ltd ("Clever Student Lets") for the use of the RentGuarantor
software on Clever Student Lets' student letting platform. Clever
Student Lets will be promoting RentGuarantor to all students with
the intention of generating secure tenants for Clever Student Lets'
landlords.
Clever Student Lets provide student accommodation to University
of Plymouth students, and currently have over 2500 properties
listed on their website.
Over 70% of landlords require students to have a UK resident
guarantor when they rent student accommodation. In the UK,
approximately 20.7% of the student population are overseas students
and, very often, overseas students, have no access to a UK
guarantor.
Paul Foy, CEO of RentGuarantor, commented: "I'm pleased to
announce the agreement with Clever Student Lets and look forward to
becoming their preferred rent guarantee supplier. RentGuarantor
expects to assist Clever Student Lets by guaranteeing the rents of
their student tenants in the Plymouth area for the upcoming 2023/24
academic year and beyond".
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
BlytheRay (Financial PR)
Tim Blythe, Megan Ray
+44 207 138 3204
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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