PropTech referencing service moves into Right To Rent

Referencing service Homeppl is expanding into Right to Rent checks.

A digital R2R check can be integrated into Homeppl tenant referencing checks should letting agents wish to make use of it.

Chief executive Alexander Siedes says: “We’re delighted to be a market leader in offering letting agencies and tenants the convenience to complete the Right to Rent checks digitally rather than in person. 

“Homeppl is all about creating financial inclusion and helping tenants secure rental property more seamlessly and integrating this ID verification step into an easy digital flow was imperative for us. During the cost of living crisis, we seek to alleviate any unnecessary stress on the moving process for tenants enrolled in the Homeppl referencing journey”.

Homeppl assesses tenants’ true risk level. 

It leverages Open Banking, proprietary fraud detection tests and behavioural analysis to assess the financial situation of potential tenants and their ability to afford rent. This enables letting agents to safely accept more tenants from all backgrounds without the risk of fraud or default.

It has approved more than £1 billion of revenue to its clients and claims a zero per cent undetected fraud rate and claim that up tp 10 per cent of all clients’ transactions are fraudulent.

It assesses the rental transaction of the best high-street brands and online marketplaces in the UK, including Knight Frank, Quintain Living, Greystar, CBRE, JLL, Chestertons, Dexters and Carter Jonas.

Homeppl says adding Right To Rent checks means tenants will no longer have to visit an agents’ office to pass a referencing check, but instead can do it digitally from a location convenient to them.