Rent guarantor service increasingly used by colleges – claim

14 May 2021 | Renting

Rent guarantor service increasingly used by colleges - claim

Rental guarantor service Housing Hand claims there’s been a rise in the number of universities enquiring about white label deals, as Covid-related pressures hit their income. 

Housing Hand says universities have spent the last year in crisis mode because of multiple lockdowns, widespread virtual learning and accommodating students with Covid. 

“Many students struggle to provide a qualifying UK rent guarantor when renting in the private sector. Housing Hand partners with universities in order to help alleviate this issue for their students” says a statement from the firm.

Advertisement

The provider says the university model allows an institution to promote its service to students, while it also provides integration, co-branded application pages with an affiliate link and marketing materials. 

“Students can access the rental guarantor service they need at a lower cost, while the university takes on no financial risk. The risk sits with Housing Hand, and is backed by quality and financially rated insurance products” claims group operations director Terry Mason. 

“With some unusual fluctuations in the usual student rental patterns due to Covid, this approach is inspiring increasing numbers of universities to investigate the role of rental guarantor services.”

This post has originally been featured in Letting Agent Today.