HML has launched B-hive Block Management Partners, a new division that offers solutions to existing property professionals, including estate and letting agents, looking to operate their own service.

Agents signed up to B-hive Partners will be able to operate under their own brand, while having access to the property management firm’s back-office solutions, inclusive of client finance service charge accounting, compliance, essential services, marketing, systems, software, a client portal and comprehensive training.

HML is keen to point out that the B-hive model offers long-term recurring revenue streams, with both parties sharing the profit.

However, it is not clear how much the property management firm charges for this service. EYE has requested this information, but was unable to get a definitive answer. A company spokesperson said: “Our pricing structure is bespoke.”

Alec Guthrie, CEO of HML, commented: “We’ve been trialling a service that marries the big capable company with the small local operator, enabling our partners to focus on the local, tailored service, with us supplying the regulated activities compliantly. This now works really well, we have some great testimonials to support the proposition and we are now ready to offer this to the wider market.

“B-hive allows the local entrepreneur to thrive and to promote their own local brand whilst the corporate machinery takes care of the regulatory challenges.”