Rightmove Rolls Out New Products for Letting Agents

Rightmove has launched the first rollout phase of a new suite of products for letting agents as the portal looks to expand its end-to-end offering for rentals.

Agents can now receive leads, manage enquiries, organise references, and progress deals to completion using Rightmove Plus.

Rightmove Plus enables agents to receive holding deposits, sign tenancy agreements, receive move-in payments, and more, all while ensuring compliance with the latest regulations.

By registering to obtain additional details about potential tenants at the inquiry stage, agents can gain early insights into the most suitable candidates for a property. Applicants are asked about their preferred move-in date, co-tenants, desired length of tenancy, and other qualifying questions.

Agents can conveniently order comprehensive applicant references through the platform. Once a tenant is selected, agents can smoothly manage every aspect of the tenancy via the portal.

Christian Balshen, head of lettings at Rightmove, said:

“We really want to give our customers time back through our new suite of products. Agents have talked to us about how they can use this additional time to renew existing tenancies, speak to their landlords about things like energy performance regulation and in some cases help their existing landlords to expand their portfolios.

“We’re in a unique position to be able to help agents save time and improve efficiencies at each stage of the rental process from leads to moving a tenant into the property, whilst helping to ensure both themselves and their landlords remain compliant with fast-changing legislation.”

The award for 'least surprising financial results in the industry' went to Rightmove in March this year when the UK giant announced record revenues of £332.6m, a healthy 9% YoY increase.

However, the portal will have been embarrassed after it emerged an estate agency branch had avoided coughing up its subscription fees for an incredible fifteen years last week, with Rightmove responding by saying it will be cracking down on non-payment in the near future.