UK's leading part buy-part rent housing
provider will deploy the MRI Living suite of property management
software solutions to meet renewed interest in part-ownership
programme
LONDON, May 26, 2022 /PRNewswire/ -- MRI Software,
a global leader in real estate solutions, announces that heylo
housing, the UK's leading part buy-part rent provider, has
selected the MRI LivingTM software suite to
manage its portfolio. The deployment of MRI Living allows heylo
housing to leverage a comprehensive and flexible set of tools that
encompass property management, sales and lettings, and resident
portals, as well as MRI's Fixed Asset Accounting and Strategic
Planning solutions.
Heylo, which has more than doubled its portfolio of
part-ownership properties since 2019, cited MRI's open and
connected architecture as a key factor behind its decision. The
company manages over 7,000 homes across more than 190 local
authorities in England. It aims to
build strong relationships with its tenants, who tend to be
long-term residents of the properties it manages.
"Our customer relationships aren't short-term – they're with us
potentially for decades – and technology is a big part of managing
the relationships successfully," said Peter Ralph, heylo housing's Chief Operating
Officer. "These solutions from MRI will help us perform daily
tasks more efficiently and prepare for future trends. The
great advantage of MRI is the ability to integrate with the systems
our outsourced providers are using. Our sales and lettings agents
are already using solutions such as Plentific or FixFlo."
Part buy-part rent homeowner arrangements – also called shared
ownership – enable consumers to purchase a share of a property and
pay rent on the remaining share. This type of purchase means
potential homeowners require a smaller deposit and mortgage –
giving them a more affordable route into homeownership.
Ralph notes: "We offer a step onto the property ladder for
people who wouldn't otherwise be able to achieve this, and with
property prices continuing to rise, we expect part buy-part rent to
become a much more normalised way of getting onto the ladder in the
future."
"The MRI Living solution is able to expand and adapt as heylo's
property portfolio grows," notes Dan Foryszewski, Investor
Solutions Team Manager at MRI Software. "Through MRI's
extensive partner ecosystem, companies like heylo can easily
integrate with an array of partner technologies, ensuring they
always have access to new applications that benefit the business
today and in the future."
About MRI Software
MRI Software is a leading provider
of real estate software solutions that transform the way
communities live, work and play. MRI's open and connected, AI-first
platform empowers owners, operators and occupiers in commercial and
residential property organisations to innovate in rapidly changing
markets. MRI has been a trailblazer in the PropTech industry for
over five decades, serving more than two million users worldwide.
Through innovative solutions and a rich partner ecosystem, MRI
gives real estate companies the freedom to realise their vision of
building thriving communities and stronger businesses. For more
information, please visit mrisoftware.com.
Media Contacts:
(EMEA for MRI)
Platform Communications
Hugh
Filman
hugh@platformcomms.com
+44 7905 044850
Katrina Trantau
Katrina@platformcomms.com
+44 7597 163076
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