Press Release:
LonRes Let Alliance new strategic partnership announced
17 May 2018
LonRes, the independent data and agent network business, and Let Alliance, the specialist letting services provider, announced today that they are to join forces in a strategic partnership. LonRes Let Alliance, has been designed to meet the specific challenges of the London lettings market and is exclusive to LonRes subscribers. It offers the widest range of integrated lettings services available in the market place – an end-to-end solution aimed at helping letting agents, landlords and tenants. The product suite includes tenant referencing, nil deposits, and a rent guarantee scheme, together with a range of additional insurance solutions underwritten by leading insurers UK General Insurance Group. Let Alliance was set up in 2010 and has a considerable track-record of providing solutions to the rental sector. An independent, company, Let Alliance is FCA regulated. Anthony Payne, MD of LonRes said: “The lettings industry is undergoing a period of great change. The Government’s draft Tenant Fees Bill (for England) underlines the need for a lettings sector that works for the good of all. The LonRes Let Alliance partnership comes in response to this. It also forms part of an ongoing commitment that LonRes has to supporting its subscribers in finding practical solutions to help them adapt effectively to policy and market changes. “We believe Let Alliance to be the best in the business. And as a company which prides itself on people-led customer service, Let Alliance has great synergies to LonRes. We are delighted to be working with them. Together LonRes Let Alliance aims to help lettings agents do business better.” Andy Halstead, CEO, Let Alliance said, “Having been around for close to 10 years, Let Alliance, has a clear understanding of both the sector and the needs of those working in it, be they letting agent, landlord or tenant. Agents need a bespoke proposition for the London market, which is different from the rest of the UK. This is what LonRes and Let Alliance have delivered. “The rental sector is currently undergoing a step-change and the LonRes Let Alliance solution has been designed to benefit all - to streamline the work of lettings agents, provide a cost-effective alternative to onerous tenant deposits and through tenant referencing, provide assurance to landlords. A suite of products tailored to meet the opportunities that lie ahead.” ENDS For further information please contact: Alison Blease Notes to editors About LonRes An independent, privately owned company, LonRes was established in 2000 as a subscription based data platform. Today over 6,000 residential property professionals working across prime London subscribe to what is widely regarded as the definitive database on the prime London sales and lettings market. LonRes tracks the prime London sales market in real-time, taking in sold prices and price movements - including price adjustments - and time on the market. LonRes has an unrivalled sales archive which dates back to 1986. LonRes lettings data, also in real-time, records – among other things - asking prices, price let and price adjustments. The LonRes lettings database dates back to 2004. About Let Alliance Let Alliance is the fastest growing specialist provider of tenant referencing, nil deposit, rent guarantee and specialist rental insurance solutions in the UK, offering protection to both landlords and tenants on a white labelled or branded basis. Let Alliance aims to ‘de-risk’ lettings through exceptional property management and renting to well-referenced tenants. All of the company’s insurance policies operate with a nil excess. Let Alliance works with 2,000 letting agents nationwide, complete 200,000 tenant references per annum and guarantee annual rents of over £500,000,000. Let Alliance firmly believes the best way to de-risk lettings in today’s complex world is by landlords letting through a quality agent which in turn helps them to let properties legally and safely. Key services include: To find out more visit lonres.com/letalliance
LonRes and Let Alliance join forces to deliver new proposition to Letting Agents
Director of PR, LonRes
T: 0776 96 77 825
E: alison.blease@LonRes.com
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