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  • Unusual lettings platform claims first landlords sign-ups

    first_imgHome » News » Unusual lettings platform claims first landlords sign-ups previous nextProptechUnusual lettings platform claims first landlords sign-upsRenttl.co.uk operates in London and is a model that many councils are now examining as they pursue more creative ways to find their tenants accommodation.Nigel Lewis18th December 20190901 Views  The UK’s first local authority trading company (LATC) rental proptech platform has claimed initial success with 34 families housed and 51 landlords signed up, it has told The Negotiator.Called Renttl.co.uk, the four-month old lettings platform is unique because it offers landlords an attractive package including a rent deposit guarantee scheme of up to three months’ rent and financial incentives up to £4,600 to take on households threatened with homelessness.It also puts prospective tenants through a course on how to live in the private sector and gives them financial help with their deposit. Both landlords and renters are supported by a liaison officer.“Landlords get someone who is tenancy-ready and an online property and tenant on-boarding system that it is easy to complete and manage, takes just three days and offers landlords a lot more information about prospective tenants than traditional letting agents can,” says Lorraine Thomas, MD of Encompass LATC (left).Operated by Encompass LATC, Renttl.co.uk was set up with grant funding from the Department of Housing, Communities and Local Government and is seeking landlords who directly manage their properties. Thomas expects the platform to become a major supplier of private rented properties to households living in and around Sutton.Lettings platform“We’ve had an enthusiastic response to the scheme from landlords but we’ve got to wait for properties to become available and landlord portfolios to increase in size.“But we’ve already seen a 34% increase in the number of properties that we normally procure from the private rental market.”During the most recent financial year Encompass LATC received requests for housing help from over 1,300 families facing becoming homeless.Read more about lettings platforms.lettings platform Renttl.co.uk Encompass LATC Lorraine Thomas December 18, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more