Rent guarantor firm – Housing Hand – has announced that it has acquired the UK Guarantor website. Student Marketing Agency Ltd, who previously operated the website will no longer process guarantor applications – but will continue to manage existing guarantor commitments and support Housing Hand in the smooth transition of new applicants. The move means that Housing Hand will be taking over all of UK Guarantor’s new and renewal applications (previous matters will still be dealt with by Student Marketing Agency Ltd).
The new arrangements will build on the foundation that Housing Hand has built. The company has processed 87,764 applicants since 2013, working with more than 3,500 accommodation providers. The total rent covered in that time has topped £646m.
“We are delighted to have acquired the UK Guarantor website to serve even more tenants and students across the UK. Through this and the new partnership with Accommodation for Students, we will offer an enhanced, UK-wide service that enables individuals to rent the properties of their choice without needing to find thousands of pounds for a deposit.”Jeremy Robinson, Group Managing Director, Housing Hand
Housing Hand acts as a guarantor for students and other renters who otherwise would not have one – and they liaise with potential landlords, letting agents and universities. Students and renters who would otherwise be asked for six to 12 months’ rent in advance are spared the difficulty of having to do so. The service costs from £295, with the option to pay in instalments.
To streamline the guarantor process, Housing Hand is built into accommodation providers’ booking forms – and where the new partnership with Accommodation for Students comes in. A property platform for students – who recently reported a late surge of students looking for PBSA, Accommodation for Students acts as a referral partner for UK Guarantor – and now also for Housing Hand. The arrangement means students who need a guarantor are provided with an established service that can enable them to access the accommodation they desire.
“We’re living in unprecedented times and the need for guarantor services has never been more acute. We will be working closely with Housing Hand to ensure a smooth transition for new applicants. Housing Hand provide an invaluable resource for many of those who are already facing additional pressures in their lives.”Nick Emms, UK Guarantor
Finding a way forward as part of the ‘new norm’ has seen many organisations innovate and form new alliances in order to adapt. Housing Hand has used the experience to take the next step in its history – to support the ongoing stability of the UK rental sector.
“As the UK’s number one student accommodation website, we’re thrilled to be working in partnership with Housing Hand. Together, we aim to ensure that those studying at the UK’s world-renowned universities are able to access appropriate accommodation throughout their higher education.”Simon Thompson, Managing Director, Accommodation for Students