AssetCore signs license agreement with L&Q
L&Q is the latest major housing association to sign a license agreement to use AssetCore
L&Q is one of the UK’s leading housing associations and one of London’s largest residential developers, with over 70,000 homes in London and the South East. L&Q is currently in merger discussions with East Thames and Hyde to create one of Europe’s largest social landlords and one of the four largest house builders in the UK.
Commenting on today’s announcement, Yogeta Partridge, Treasury Solicitor at L&Q said “AssetCore is an excellent tool with the ability to store asset data and associated documents which we can choose to share with our lenders, trustees, valuers and lawyers. The data analysis and reporting tools provided by the system will further enhance the support that we are able to provide internally and will assist in further streamlining the processes we have in place for our external stakeholders.”
Jacinta Balchin, Director of AssetCore, commented “AssetCore is a great example of how technology can be harnessed to deliver cost efficiencies and reduce operating risk for housing associations. As one of the housing sector’s leading and most respected organisations, the recognition of the clear benefits that AssetCore offers is testament to the Treasury team’s business focus and vision at L&Q. This represents a major milestone for the adoption of the system across the market”.
Launched in December 2015, AssetCore is a fresh new approach to store, manage, analyse and share asset and property security data and documents in the housing finance sector. The AssetCore Team has just completed the latest phase of system development and is very excited to be able to introduce some great enhancements to key areas as well as a new Analysis report type.