Martin & Co announces three year deal with HomeLet
The UK's number one letting agent Martin & Co has signed an exclusive three-year deal with HomeLet - the market-leading insurance provider for the lettings industry.
The lettings franchise group is now HomeLet's largest client.
Ian Wilson, Managing Director of Martin & Co, said: "In times of uncertainty it's good to have business partners you can rely on. We are delighted to be working with HomeLet, the principal provider of credit referencing and specialist insurance products to the UK lettings market."
He continued: "A three-year deal allows our franchisees to budget and gives them some great incentives to increase business volumes. As with all our supply arrangements they are entered in to with our franchisees' best interests at heart."
On Monday HomeLet's parent company, EIS, announced that it will be changing its name to Barbon Insurance Group Limited in August as part of a rebranding exercise following a change of ownership.
Commenting on this announcement Mr Wilson said Martin & Co is pleased to be working with HomeLet at such an exciting time. "Following the takeover of EIS, HomeLet and the other EIS-owned insurance businesses now have a more secure future," he said.
"We need to be in a position to provide our clients with fast and accurate solutions to meet their insurance needs. We had no qualms about making a commitment with HomeLet which offers an unrivalled package of products and support."
Marie Scott, the Head of Principal Accounts at HomeLet, has managed the account for four years and has 9 years' experience of the HomeLet product range.
Marie commented: "Martin & Co franchisees benefit from HomeLet's dedicated business development services. Their offices have access to immediate over-the-phone or face- to-face support as and when required, wherever they are in the country, from Truro to Cardiff to Aberdeen.
"Our extensive product training gives their new franchisees immediate credibility with insurance and referencing products in front of the customer."
With over 134 franchised offices trading and another 12 preparing to launch Martin & Co has just announced a bumper month with seven new franchise opportunity applications in May.
Group revenue is up by 51% year on year so the commercial future for both organisations looks assured.
Notes about this Press Release
Martin & Co:
- Established in Dorset by Chairman Richard Martin in 1986, Martin & Co (UK) Ltd became a franchised operation in 1995. The head office is based in Bournemouth. It is a recognised Investor in People and a full member of the British Franchise Association.
- Martin & Co is the UK’s largest residential lettings agent with 146 offices throughout the UK (open 134 and pre-launch 12).
HomeLet:
- HomeLet is the UK’s largest tenant referencing, Rent Guarantee and specialist insurance provider for the lettings industry and offers landlords a wide range of products through its network of almost 5,500 letting agents across the UK.
- HomeLet is a trading name of Erinaceous Insurance Services Limited which was recently sold to a new investment company (Caley Limited) owned by leading banks HBOS, HSBC and Lloyds TSB.
- During August 2008 EIS will be changing its name to Barbon Insurance Group Limited. The new name is derived from Dr Nicholas Barbon who is credited with being the ‘Father of Fire Insurance' after introducing fire insurance for buildings to England after the Great Fire of London.
Website: www.homelet.co.uk
Source Martin & Co
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See also HomeLet (Group) Press Information:
Barbon Reveals Latest Financial Results - September 2008
New Chief Executive for Babon Insurance - September 2008
EIS Completes Rebranding Exercise to Become Barbon Insurance Limited - August 2008
Martin & Co announces three year deal with HomeLet - July 2008HomeLet staff gain promotions - June 2008
New Customer relations manager for EIS Insurance Solutions - June 2008
EIS sale completed - New and stable long term ownership - April 2008
EIS separates from Erinaceous Group - New and stable ownership - April 2008
Erinaceous placed in administration - April 2008
Erinaceous puts insurance division up for sale - January - February 2008
Brian Turney has left Lumley Letsure - June 2007
Erinaceous Group Plc Opens Property Management Office in Dublin, Ireland - May 2007
HomeLet IPEX -Landlords set for buy-to-let revolution as new scheme launched - March 2007
HomeLetRental insurance launch Portfolio Insurance from 10th July 2006 in the UK
Letsure has a new Glasgow offices December 2005
HomeLet launches new low cost option landlord’s protection - July 2003
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