Tuesday, 6 May 2014

Merger to create Scotland's largest rental body

LetScotland, the Association of Professional Letting Agents in Scotland, and Lettingweb, a marketplace for lettings in Scotland, have announced that they have merged.

With more than 420 members, the merger creates the largest representative body for letting agents in Scotland. It is the only Scottish organisation representing only letting agents which will act as the voice of agents in the media and in parliament and government. Previously, LetScotland spoke on behalf of just over 40 members.

The representative body will retain the name LetScotland, but will be branded as part of the Lettingweb group to reflect its role as one of Lettingweb's divisions.

The merger is part of a significant increase in the scope and activity of Lettingweb, which is 15-years-old this year having been formed in 1999 as a letting agent-led advertising portal. Since its inception, it has been a popular advertising platform for letting agents.

Lettingweb is now set to become the single leading voice of the private rented sector. Over the coming weeks and months it will announce:

new plans for activity in the area of housing investment;
new plans for a charitable foundation;
new tools to help letting agents operate at the cutting edge of their industry;
a huge boost to Lettingstats, Lettingweb's statistical division;

Alex Watts, chief executive of Lettingweb, said: "LetScotland's ethos matches Lettingweb's perfectly – we are both formed by Scottish letting agents, for letting agents, with only the interests of letting agents at heart. This arrangement is a perfect fit.

"The private rented sector plays a crucial and expanding role in providing homes for people in Scotland. The new, enhanced Lettingweb group will encourage more investment in homes to increase the supply of rented accommodation, which will help tenants who are currently unable to find a property and help our member letting agents run successful businesses. We are looking forward to getting started."

Malcolm Warrack, chairman of LetScotland who will continue in his leadership role for Letscotland as part of Lettingweb, said:

"LetScotland was formed because the letting agent sector had been ill-served by its representatives. There was no body dedicated to Scottish letting agents, so we created one from the bottom-up.

"Our grass-roots movement can now take the next step as we go from being a relatively small voice to by far the largest representative body for letting agents in Scotland.

"The industry needs a single unified voice to speak for it in the media and in parliament. This deal creates that voice."
See the full article HERE

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