Festival lets and more HMOs on the agenda for city agency

22 April 2021 | Renting

Festival lets and more HMOs on the agenda for city agency

A Scottish agency has strengthened its specialism in managing HMOs with the acquisition of a lettings book of 90 more units.

Braemore Sales and Lettings has bought the student rental portfolio of Edinburgh city centre rival, Complete Letting (Scotland) Ltd.

This deal will also see Braemore forging another link with the vendor’s other company, Nestival Ltd, which specialises in providing accommodation for Edinburgh’s Fringe or “Nests” as they describe them, to the entertainment industry throughout the year.

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Outside the traditional student letting season, Braemore will link up with Nestival to offer its clients’ portfolios on a short-term basis throughout the Edinburgh Fringe to industry staff and performers.

Chief executive of Braemore, Andrew Seldon, says: “We are one of only a handful of agencies with a team dedicated to HMO lets, providing professional guidance on purchasing, investing, converting and licensing a property.

“The addition of this prime, central Edinburgh portfolio almost doubles our HMO stock levels, and cements our reputation as the go-to HMO expert.

“It creates a strong platform on which to innovate and strengthen our customer service, as well as expand further through more acquisitions in and around the capital.

“The collaboration with Nestival, and their highly successful niche service, also adds an exciting dimension for landlords to take advantage of.”

This post has originally been featured in Letting Agent Today.