RNS Number : 4161I RentGuarantor Holdings PLC 07 August 2023 7 August 2023 RentGuarantor Holdings PLC (the "Company" or "RentGuarantor") Partnership with The Lettings Hub RentGuarantor (AQSE: RGG), a provider of rent guarantee services to prospective tenants across the socioeconomic spectrum wishing to rent property in the UK private rental sector, announces that it has entered into an agreement with Let Insurance Services Ltd T/a The Lettings Hub ("The Lettings Hub") for the use of the RentGuarantor service. The Lettings Hub is a supplier of technology-driven products and services designed to make the lettings journey quicker and easier for all parties across the rental value chain, with the aim of securing robust and efficient tenancies. The Lettings Hub is a market leading referencing provider, completing 180,000 references per year, with 12% of these references requiring a guarantor. Under this initial three-year partnership, RentGuarantor will provide a company guarantor option to The Lettings Hub's tenants. Paul Foy, CEO of RentGuarantor, commented: "We are very pleased to announce this partnership with The Lettings Hub, marking the fifth strategic contract we have signed in 2023. The Lettings Hub's emphasis on providing technologydriven solutions to serve the breadth of the rental value chain is well-aligned to our own values, and we look forward to integrating our product with their service and offering applicants the option of securing a guarantor. "According to Arlington Research, 38% of tenants would choose to pay for a rent guarantee service rather than relying on family. This latest partnership with The Lettings Hub clearly demonstrates the growing demand for our product." Heidi Shackell, CEO of The Lettings Hub, commented: "This significant announcement from The Lettings Hub and RentGuarantor brings an innovative solution to a very real market issue - the increasingly common requirement for a tenant to provide a guarantor. Thanks to this collaboration, the RentGuarantor solution will be seamlessly integrated into BOX, The Lettings Hub's unique property management software platform, used by leading names in the Private Rental Sector every day." For more information, please visit: www.rentguarantor.com Ends For further information please contact: RentGuarantor Holdings PLC Paul Foy, Chief Executive Officer +44 207 193 4418 Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser) Nick Michaels +44 20 3772 0021 Optiva Securities Limited (Broker) Vishal Balasingham +44 203 411 1881 BlytheRay (Financial PR) Tim Blythe, Megan Ray +44 207 138 3204 About RentGuarantor Holdings Plc RentGuarantor provides a rent guarantee service to tenants wishing to rent property in the UK from the Private Rental Sector ("PRS"). It is an online service where applications are managed on a secure and bespoke digital platform designed and built by the Company. The goal is to make the process as simple as possible, with applications only taking a few minutes and RentGuarantor completing the application on the same day. RentGuarantor supplies its service to the whole of the market - students, both from the UK and overseas, employed people and people on benefits including Universal Credit, ensuring that everyone has the opportunity to live in their dream rental home. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END NEXNKQBDABKDAFK