Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Goodlord Introduces Enhanced Income Checks to Tackle Tenancy Fraud
Goodlord, a PropTech supplier, has strengthened its income verification process for tenant referencing in the lettings sector. The new system is designed to help prevent fraudulent tenancy applications and is based on an idea from a leading lettings agency.
According to Letting Agent Today, all eligible applicants undergoing tenant referencing through Goodlord’s platform will now be required to confirm their income by providing landlords and agents with secure access to one of several 'Trusted Sources.'
This update aims to improve the reliability of income checks for letting agents and landlords, addressing concerns about fraudulent applications in the UK rental market. The move is expected to support agents and inventory clerks in ensuring that tenant applications are genuine and that income information is verified securely.
Source: Letting Agent Today