Two of the UK’s leading proptech firms Teclet and Canopy have joined forces to offer letting agents a free tenant pre-screening service that, it is claimed, lowers on-boarding costs for agents and reduces void periods for landlords.
Letting agents who use Teclet’s digital proptech platform to automate their lettings, renewal and property management tasks can now pre-screen prospective tenants via Canopy’s system via Teclet.
Canopy says this is achieved by its RentPassport system which verifies a tenant’s Experian credit profile including adverse financial history in approximately a mi ute, saving time and enabling faster lets.
Once tenants pass this hurdle, Canopy’s Open Banking technology is used to verify tenants’ income, rental affordability, and historical rental payments.
John Evans, Commercial Director at Teclet, says: “We are delighted to be able to announce our partnership with Canopy whose suite of products deliver real and tangible value to letting agents.
“Canopy are FCA regulated and their products provide an ability to obtain highly cost-effective deposit insurance, rent tracking, Experian credit rating management and access to desirable and low-cost financial products that are uniquely suited to the renters of today.”
Former Foxtons and Marsh & Parsons chief Peter Rollings (left), who recently became a Canopy Advisory Board member, says: “What I love about Canopy and why I got involved is that it not only provides some great and easy to use technology to help the agent do their job quicker and more efficiently.
“It also provides lots of clever and helpful stuff for the tenant. As we know, a great deal is where everyone wins and, coupled with the other benefits of the teclet platform, this delivers that outcome.”