Having successfully trialled the proposition for the last 18 months with one of their Northwood Franchisees, the Belvoir Group have now signed an exclusive contract with B-hive Block Management Partners for them to offer a block management solution to all of their 340 offices across all brands – Northwood, Newton Fallowell, Lovelle, Nicholas Humphreys and Belvoir Brands.
B-hive is the Partners division of HML Group, block management specialists who manage over 85,000 units in England and Wales. B-hive operates independently from HML and provides comprehensive training to enable Partners to perform the role of Block Manager compliantly and efficiently. Partners can compete with each other using their own brands and B-hive provide all the necessary back-office solutions to client finance service charge accounting, compliance, essential services, systems, software and a client portal.
CEO, Dorian Gonsalves, said: “We are delighted to have partnered with such a capable company and to have been able to bring this additional service to our Franchisees. This is a great opportunity for our Franchisees to put their brand in front of more customers, bringing their specialist local knowledge, with B-hive sitting in the background providing the systems that are required. By adding this service, our Franchisees will look to build relationships with a much wider audience and deliver a wider range of services to clients.”
CEO of HML, Alec Guthrie, said: “We are delighted to have signed up the Belvoir Group to our Partners model. Block Management is a fragmented marketplace, well served by local property managers and our model enables agents to add Block Management to their offering. Done well, our Partner agents will be able to build relationships with all leaseholders in a block, with a view to being the first port of call when it comes to selling, letting or re-mortgaging. In the same way, many sales only agents have over the years added lettings, financial services and conveyancing to their offering. We believe Block Management will be the next. We already have a proven concept with 5 live Partners who have traded for 18 months and enabled us to test and learn and we are now ready to scale it. We have 9 more agents signed up and ready to go live and we have run two “module 1” training courses for a further 19 different interested agents likely to sign up. We are delighted with the take up and are looking forward to helping the Belvoir Group agents that want to grow.”