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Nationwide launches industry-first tech platform for landlords

Major high street lender says The Landlord Works will offer a financial, mortgage, property, advice, compliance and investment platform rolled into one.

Nigel Lewis

nationwide landlord

Nationwide is best known for its mortgages and house price index, but now the company has launched an industry-first property and financial management platform for landlords.

The Landlord Works – which is a nod to its home loans arm The Mortgage Works – will be free for any landlord whether they are a Nationwide customer or not and has been in developments for two years.

It will offer a platform where landlords can list their properties, track key dates such as contract renewals, upload key documents such as manage important documents such as gas safety certificates, electrical inspections and energy performance certificates, track their financials and prepare their tax returns.

Landlords will also be able to link their bank accounts to the platform and use its research tools to look into new purchases and work out the value of their existing portfolio.

Better landlording

The Nationwide also hopes that the platform will be a conduit for better landlording and is designed to balance its attempts to improve the private rented sector from a tenant’s perspective via the Nationwide Foundation.

The platform will therefore offer advice and guidance on best practice for landlords, and aims to help them be aware of and comply with the myriad regulations and laws that now cover the sector.

“The private rented sector is in dire need of reform but to get there, landlords need to be given every ounce of support,” says Sara Bennison (main pic), Nationwide’s Chief Product and Marketing Officer.

“Today, being a landlord is more complex than ever, and we want to make managing property more straightforward for both landlords and tenants, by giving support where it is needed.

“As a mutual we are committed to improving the housing system and the private rented sector is a major part of that, particularly today.”

Visit The Landlord Works.

October 6, 2021

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