Rightmove has at last completed on its acquisition of tenancy referencing firm Van Mildert, first announced two months ago.
The deal, reported to be worth some £16m, has to await approval from the Financial Conduct Authority: this came through yesterday.
The portal company says the acquisition will support its Rightmove Tenant Passport platform, which allows tenants to create an online profile to connect with letting agents and landlords.
Peter Brooks-Johnson, chief executive of Rightmove, said when the acquisitions was first announced in July: “We’re looking forward to welcoming Van Mildert, a highly respected tenant referencing company, to the Rightmove family.
“We believe the combination of Rightmove’s unrivalled reach and Van Mildert’s products and operational experience will augment the Rightmove Tenant Passport, helping in our quest to make renting a property faster, easier and more efficient for tenants, landlords, and agents alike.”