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TODAY'S OTHER NEWS

Deposit replacement competition hots up with three new signings

As competition hots up between different deposit replacement scheme providers, three new Build To Rent sign-ups have been announced by one major player, flatfair.

The first signing is Manchester and Liverpool based agency Ascend Properties, which also manages the Gatehouse Bank Build To Rent portfolio across the north west and the Midlands.

“Our venture into the Build To Rent industry has grown exponentially.  It was clear that an alternative to traditional deposits was needed for our product integration” explains Ascend’s managing director Ged McPartlin.

Second there is Cording Real Estate Group, a north European business which provides services covering portfolio, financial, asset, and development management; it is about to complete its first Build To Rent scheme in Nottingham.

And from next month flatfair will be trading with Hamways. 

Hamways head of lettings Dave Cambridge says he is offering a deposit replacement as an option to tenants: “We pride ourselves on matching good quality tenants with good quality accommodation, for the long term. It's a financial or lifestyle choice for the tenant, and we think providing choice is the way forward.” 

Franz Doerr, chief executive and founder of flatfair adds: “Our partnerships are a testament to the forward-thinking nature of the Build To Rent industry. We continue to grow through the strength and versatility of our partners and we welcome more future success for all parties involved.” 

  • icon

    The flats in the picture look like the same as the empty ones beside Chernobyl.

    Build to rent will be the slums of the future.

  • icon

    Agree. Drug use antisocial.

  • Paul Barrett

    You couldn't pay me to live in one of those unless on the Ground Floor.
    The properties are usually OK.
    The problems arise with the type of occupants and we all know who we mean!!

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