A Question of Property: Sheraz Dar, CEO of CreditLadder

The government is pulling out all the political stops to fix the UK’s ‘broken’ housing market and that includes helping more people to get on the property ladder. As part of this billion-pound push, HM Treasury last week announced that six tech firms had been chosen to compete in a £2 million race to develop a tech platform that will help tenants achieve home ownership more easily. CreditLadder.co.uk is one of them. It’s an online service that enables tenants to report their rental payments to Experian for free with the minimum of form filling. Its basic service is free for renters to use but the site charges agents a small fee to offer its service to tenants. Its website was the first in the UK to use Open Banking technology to enable tenants to report their rent. Tenants give CreditLadder permission to ‘read’ their bank account every month and verify that the rent has been paid in full and on time. CreditLadder is also the first in the UK to enable customers of Monzo and Starling Bank to report their rent to Experian. The Negotiator caught up CEO Sheraz Dar, who has a track record in both tech and property,…