The former boss of Belvoir, Eric Walker, has joined rental platform The Lettings Hub as a consultant for its Property Passport as it prepares to take the referencing product to market.
Walker, who left Belvoir after a brief spell as its managing director in March after being promoted from his leadership position at Northwood to the role, says he is to help The Lettings Hub launch its new product in the coming weeks.
Twenty five agents have been trialling the passport, which is due to hard launch this Autumn and will enable tenants to pre-qualify themselves for properties by providing referencing information much earlier in the process, and also proving they can afford the rent.
For letting agents the passport promises to speed up and simplify tenant screening and on-boarding.
‘There is a lot of talk around the phrase ‘passport’ in the industry [and] it’s become a bit of a buzzword,” says Walker (left).
“But it’s rare you find innovation which helps landlords, tenants and agents simultaneously. The Lettings Hub have it here with Property Passport.
“It delivers everything a letting agent needs to reduce their view to let ratio and saves everyone involved in letting property time and money.”
The Lettings Hub says the passport has also been approved by leading law firm Arc Legal, which says the information within the passport is accurate enough to be used when assessing tenants for legal expenses and rent guarantee insurance.
The tenant passporting announcement by the Lettings Hub is also timely; in June the former housing minister James Brokenshire revealed that the government intends to introduce compulsory tenant deposit passporting within the private rental market.