Nationwide Building Society is investing an undisclosed sum in Bunk, a new digital lettings agency that was founded by three students in their last year of university.  Bunk is described by its PR agency as an “an all in one property app that empowers landlords and tenants with the tools to rent without the need for a letting agent.” Nationwide said in a statement: “Bunk can automatically list a landlord’s property on reputable sites, verify tenants as well as providing peace of mind to tenants by verifying the landlord proof of ownership.” Nationwide deputy CEO Tony Prestedge observed: “Bunk is combining the latest digital technology backed up with human service to not only offer a seamless digital experience but also reduce friction in the rental market between tenants and landlords . . . Many landlords choose to manage their portfolio on their own. The service that Bunk offers could support them, ensuring they’re on top of their obligations and providing a better service to their tenants.”

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