June 14, 2022 – Geospatial technology firm Kamma have announced a new partnership with leading insurance brokers Mint Insurance. The partnership will help eliminate all risks for property professionals, both in terms of insurance and property licensing.
The total fines for non-compliant letting agents and landlords has now hit £7.5 million, an increase of £300,000 in less than four months. The average amount of fines imposed on landlords for all offences is now £4,233 and £4,440 for letting agents. So there continue to be many risks for property professionals including market risks and regulatory risks. The best property professionals will need to have safeguarding tools in place to protect themselves and their customers. Thanks to Kamma’s new group supplier deal with Mint Insurance, all Mint Insurance customers will have access to discounted offers of Kamma’s licensing compliance services and tools.
The partnership blends a world-class platform with unique data and insights, as Kamma’s CEO Orla Shields explains: “We’re excited to be partnering with a market leader specialising in servicing the insurance needs of property professionals like Mint. We continue to seek out new partners that we know will further our mission and support us in helping agents reduce risks and increase regulatory compliance in the property sector. This partnership helps agents dramatically reduce their risks and does so in an operationally efficient way”.
Mint Insurance Brokers Director Oliver Wharmby – We are always looking at ways to mitigate risk, promote good practice and add value for our policy holders. Licensing is a growing area of concern which is noticeably affecting more and more agents. Kamma’s unique proposition will help agents manage their risk and avoid fines and potential brand reputational damage. With new legislation constantly being introduced and existing legislation ever evolving, we hope our partnership with Kamma will raise awareness and help protect agents who operate in the PRS.
At Kamma, we understand that property licensing is complex, inconsistent, and ever changing. We analyse and sort data to help letting agents, landlords and surveyors understand the impact of property licensing and planning permission on their properties and assets, leveraging technology and data to help you stay on top of new schemes and avoid hefty […]Read more
Navigating the ever-evolving landscape of selective licensing schemes across the UK can be a daunting task for letting agents and landlords. With new regulations popping up in various locations, staying compliant requires constant vigilance. Earlier this month we reported that 2024 is on track to beat 2023’s record of 32 new schemes launched. Not only […]Read more
At Kamma, we know how important it is to have the most up-to-date information at your fingertips. Each month, we provide a full rundown of the latest scheme announcements and property licensing news. What’s covered? We detail all of this and more in this month’s edition. Click below to download your copy! At Kamma, we understand […]Read more
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