We are always looking for ways in which we can help our tenants and we would like to let you know of our partnership with CreditLadder.
CreditLadder is the UK's first and biggest rent reporting service and it has helped thousands of users improve their credit scores by reporting their on-time rental payments.
What is rent reporting?
Rent reporting allows your monthly rent payments to be reported to credit reference agencies.
Your rent payments can help improve your credit score, which can prove to be particularly useful especially if you ultimately intend to purchase property and will need a mortgage.
CreditLadder reports rent payments to both Experian, Equifax and TransUnion and is the only way to report rent to all three main agencies in the UK. You just keep paying rent as you do today, then CreditLadder securely reads the rent payment from your bank account and lets the credit agencies know.
- Improving your likelihood of being accepted for a mortgage if you decide to buy a property.
- More access to a wider range of loans, credit cards and car finance.
- Access to more competitive interest rates.