Housing Hand and Vonder reveal exciting new partnership

UK rental guarantor service Housing Hand and living and lifestyle brand, Vonder, have announced an exciting partnership for the brand new Vonder Wembley. The partnership will see Housing Hand provide a validation and Depositless guarantor service for Vonder’s brand new living complex, which boasts 312 beautifully designed apartments with state-of-the-art amenities in London’s Wembley Park.

With several international locations as well as a wide range of sites in the UK, Vonder is familiar with the pain points involved in moving tenants in. The challenge for companies providing all-inclusive spaces, and for those providing Build to Rent homes and purpose-built student accommodation (PBSA), has been that they usually need to rely on multiple providers to handle the process of taking tenants from application through to occupancy and the ongoing credit control once they move in.

This is where Housing Hand comes in. The dynamic company, which is well-known as the leading provider of rental guarantor services in the UK and Ireland, is providing Vonder with an extended guarantor service that includes Depositless renting for the Vonder members. The ‘Depositless’ renting removes a major barrier for renters. At the same time, the easier and faster onboarding process supports the effective movement of the market.

Through its partnership with Housing Hand, Vonder will also enjoy access to a wider pool of prospective tenants. This is because Housing Hand’s minimum affordability criteria is 1.5 times the monthly rent, as opposed to 2.5 times or even three times for standard reference checks.

“The time it takes to find and rent a property is quite time consuming in the current marketplace, not to mention the need to find a large sum of cash for the deposit and first month’s rent. This means the tenant journey becomes longer than necessary. The extension of our service eliminates the need for a deposit for guaranteed tenants and reduces the risk for Vonder, as we take all the liability and legal cost.

“We are delighted that this partnership with Vonder means their tenants can enjoy a faster, smoother rental process, while Vonder benefits from a more efficient and more cost-effective service.”

James Maguire, Head of Sales and Business Development, Housing Hand

The seamless, simple process is a game-changer in terms of reducing the time it takes to rent out a property. Housing Hand has cut out the deposit requirement through Depositless guarantees. The company will provide a guarantor for tenants, meaning that Vonder can rely on receiving 100% of its rent, 100% of the time for all guaranteed tenants through Housing Hand. If any tenants don’t pay, Housing Hand will do so instead.