LRS SELECTS EQUIFAX FOR MARKET-LEADING TENANT VERIFICATION
London, January 2014 – Equifax, the leading consumer insights expert, has been selected by landlords and letting agents network, www.landlordreferencing.co.uk, to enhance its tenant vetting services. By integrating Equifax consumer credit data into its checks, landlordreferencing.co.uk is giving its members a truly comprehensive real-time vetting solution that reduces the risk of fraud without impacting on the decision-making process.
The new partnership with Equifax means consumer credit checks are now carried out as part of the vetting process. The identity of potential tenants can be validated in real-time, with the result that tenants can receive instant decisions and landlords can secure approved tenancies quicker.
Under the new three-year agreement, Equifax is providing access to electoral roll and county court judgment data, as well as linked addresses and credit scores, to enhance the current landlordreferencing.co.uk check which provides a clear and comprehensive history of a tenant including information on their behaviour during previous tenancy agreements. The addition of the Equifax insight will identify if a potential tenant is a good or bad credit risk, whether they have any CCJs at their current address, or have been known by any aliases.
“Landlords and letting agents using our service need to be confident that our checks will protect them from problem tenants, as well as tenants who may default on their rent or actually be fraudsters,” said Paul Routledge, CEO of landlordreferencing.co.uk. “We chose to work with Equifax because of the company’s collaborative approach to creating a tailor made package, addressing the very specific requirements of vetting potential tenants. This includes real-time delivery of the insight and enables us to offer a market-leading service to landlords that reduce the risk of fraud without any impact on the tenant experience.
“By providing insight from Equifax, we continue to build on the reputation of landlordreferencing.co.uk as the brand that protects landlords by finding the best quality tenants.”
Nishil Khimasia, Marketing & Performance Director, Equifax adds, “This contract clearly illustrates the value of our consumer insight for the growing property rental market. landlordreferencing.co.uk chose to work with us because we provide a client-focused service, and create a collaborative partnership that will see us working closely together over the next three years.
“We understand the challenges landlords face and this new agreement means the clients of landlordreferencing.co.uk will benefit from rigorous, yet efficient checks, designed to help prevent potential fraud and speed up the rental process.”