Very few people look forward to moving home when they are renting. It can be stressful, expensive, frustrating, alarmingly old-school and can eat up weeks of your time in an already busy world.
But have you ever wondered why renting can’t be simpler, quicker and more convenient?
Happily, tech is beginning to turn this pipe dream into reality. Here’s how.
Super-fast check-ins
Everything prior to the moment you get the keys to your new flat or house can take up to a week to sort out, particularly if the landlord or letting agent drag their feet.
But a major London landlord has predicted that within two years tenants will be able to view, book and move into a property on the same day. Wembley-based ‘built to rent’ operator Tipi says it is streamlining its check-in service with this goal in mind and is deveoping tech to achieve it.
And where it innovates, other 'built to rent' landlords will follow suit. This is significant because in a few decades half of privately rented homes will be within this kind of development, upmarket estate agency Savills recently claimed.
Faster referencing
Sometimes referencing feels excessively over-the-top when landlords or letting agents ask about every aspect of your financial life. And the process can take several days, and sometimes longer, to complete.
To combat this and speed up referencing, CreditLadder has launched a service that enables landlords to reference tenants in just an hour, for a fee. Find out more here and be sure to let your landlord know about our service when you make an offer.
All-inclusive bills
Most rented properties come as ‘bills not included’ and tenants face the drudgery of signing up with gas, electricity, broadband and telephone suppliers, as well as paying for them on top of the rent.
But many ‘built to rent’ blocks offer a ‘bills included’ rental service. Some throw everything in while others don’t include broadband.
Flexible tenancies
Some people stay in houses for years, some for just a few months. But the way tenancies work at the moment doesn’t work for either of these kinds of renters because, at the moment, both sides must commit to a six-month minimum contract and a rolling one-year renewal period.
But this system does not work for people who want to rent for just a few months. This is because they’re stuck for at least half a year. The other hand, the annual renewal makes many long-term renters feel insecure. One option the government wants to try is flexible tenancies.
These would mean tenants choose to rent for a few months, or commit to a much longer period with a fixed-term tenancy of say five years with a four-week notice period should they wish to move out. This is what many councils and housing associations currently offer their tenants.
CreditLadder can help you improve your credit score
If you want to improve your credit position by reporting your rent payments, CreditLadder is the only way to improve your credit score and position across all four of the main Credit Reference Agencies in the UK, namely Experian, Equifax, TransUnion and Crediva. Building up a high credit score has a lot of benefits, including helping you access finance at better rates - this can also help save you money.
CreditLadder also runs a free mortgage application service in partnership with Tembo which will tell you how much you could borrow.
Remember the information provided in this article is for information purposes only and should not be considered as advice.