UK’s ‘number one’ property site Rightmove acquires Van Mildert in £16m deal

Property platform Rightmove has announced is has acquired 100 per cent of the issued share capital for tenancy referencing specialist Van Mildert.

The £16m deal will see Van Mildert founder Christian Balshan continue to lead the firm, which specialises in tenant referencing services and rent guarantee insurance products, from its Newcastle base.

Subject to FCA change of control regulatory approval, the acquisition is anticipated to complete by October 31.

Rightmove hopes that the acquisition will support its Rightmove Tenant Passport platform, which allows renters to create a profile in order to connect with letting agents and landlords.

Peter Brooks-Johnson, CEO of Rightmove said “We’re looking forward to welcoming Van Mildert, a highly respected tenant referencing company, to the Rightmove family.

“We believe the combination of Rightmove’s unrivalled reach and Van Mildert’s products and operational experience will augment the Rightmove Tenant Passport, helping in our quest to make renting a property faster, easier and more efficient for tenants, landlords, and agents alike.”

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