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App claims to make it ‘more profitable’ for landlords to rent to students

A new student lettings app has been launched by SPCE that will potentially make it easier for landlords to find student tenants.

Having over-raised £280,000 on Seedrs earlier this year, SPCE claims that the app will not just make it faster, simpler and cheaper for students to find a rental property or room, but by pre-vetting students and giving them a rating based on previous tenancies, also make it more ‘attractive and profitable’ for landlords to rent to students, a market which some choose to avoid.

The London-based startup has already established partnerships with some of the UK’s leading student accommodation providers as well as Experian and AIESEC.

Experian will be working with SPCE to help students develop a credit rating while at university, placing them in a stronger financial position once they graduate.

AIESEC, the international student exchange programme operating in more than 100 countries, has selected SPCE as its chosen partner for overseas students to find a rental property in their new place of study.

SPCE also has agreements with six major UK universities and has a presence in the country’s leading higher education regions, including London, Newcastle, Manchester, Birmingham, Leeds, Oxford and Cambridge, plus others.

Leon Ifayemi, CEO of SPCE, commented: “Anyone currently at university or who’s graduated in the past will more than likely have their fair share of horror stories about finding, securing and living in rented accommodation. And the truth is that many landlords will also have a tale or two to tell about renting properties to students. The launch of SPCE will change all this and I am delighted to unveil it.

“Not only are we going to make it easy for students to find desirable properties and for landlords to locate new tenants, but we are also going to make communication between both parties throughout the tenancy absolutely effortless.

“What’s more, by enabling students and landlords to receive ratings we are also encouraging greater respect from all involved and promoting a more transparent system. Throw in the ability for students to build a credit rating and the fact that parent guarantors are kept in the loop, and we’re confident that SPCE is going to drag student lettings into the modern day.”

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