UK rent guarantor service Housing Hand has announced that it is working directly with Built to Rent and co-living operators by providing guaranteed rent.
This will ensure faster full occupancy within these schemes, with many providers diversifying products and seeking to grow market share.
“These accommodation providers are seeing slower take-up levels than usual, leading many to reconsider how they can reduce their risk and get to full occupancy more rapidly – as the faster they get there, the sooner they can release cash to reinvest.”
Graham Hayward, Managing Director, Housing Hand
Rental guarantor services also enable a more sustainable approach to faster occupancy. They do so by supporting accommodation providers to have a guarantee in their offering, meaning they can accept a wider range of applicants.
The partnership will seek to benefit renters too by opening access to a broader range of accommodation options. Housing Hand’s identity verification and accommodation-finding services further speed up the process, cutting out time-draining hassle for all parties.
“In such a dynamic marketplace, we are keen to support accommodation providers with sustainable operating models. It makes for a more stable operations and frees up cashflow faster, which is excellent news for operators seeking to attract investment.
“Right now, with a lot of investment interest in UK PBSA and Build to Rent investments, and plenty of potential for growth, operators thinking longer-term have plenty to gain but they need to manage the risk, which is where Housing Hand excels.”
James Maguire, Head of Sales and Marketing, Housing Hand
