RentGuarantor, due to IPO on AIM on Friday, provides a professional rent guarantee service to tenants wishing to rent property in the UK private rental sector and through local authorities. The company offers a solution for renters when they cannot provide a suitable personal guarantor – like a parent or relative.
By providing payment in the event of arrears, RentGuarantor offers security for a landlord’s investment and assists the tenant with staying in the property whilst the arrears are addressed, helping to mitigate evictions and generating amicable solutions for both parties.
With over 5.4 million households privately renting in the UK – and rising – RentGuarantor has said it anticipates that demand for its service will expand, underpinned by proposed regulatory changes. In its current form, the UK Renters’ Rights Bill will ban landlords and agents from taking a ‘rent in advance’ payment, directing a spotlight on professional guarantors that can offer a robust, risk-managed alternative.
RentGuarantor has been listed on the London AQSE market since 2021 but is moving its listing to the London Stock Exchange’s AIM market on Friday 15 August – affording the company greater visibility and liquidity as demand for its service increases.
In this article we take a closer look at the UK rental market and how RentGuarantor has performed to date - is it worth investors getting into the stock as the listing moves to AIM?
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