Credit Kudos teams up with Proptech Goodlord to boost tenant approvals

By Megha Bhattacharya

Open banking provider, Credit Kudos has announced a partnership with Proptech Goodlord in a bid to boost the rental process for agents, landlords and tenants with the provision of accurate assessments of a tenant’s financial solution.

Tom Mundy, COO of Goodlord said, “Open Banking makes it easier for more tenants to prove their financial health, regardless of whether they have a thin credit profile or aren’t earning a fixed income each month, making renting a home easier for tenants and their letting agents.”

According to the companies, the partnership enables Goodlord’s agent customers to develop an accurate picture of an individual’s personal finances, such as income and expenditure, to give a clear indication of their overall creditworthiness, using Open Banking. Credit Kudos stated that the partnership is a further step towards the complete digitisation of the pre-tenancy process by Goodlord and improving the renting experience for everyone involved.

Recently, UK-based digital mortgage platform Koodoo has selected credit reference agency Credit Kudos as its Open Banking provider. The partnership is expected to facilitate the provision of a better end-to-end digital mortgage journey. Koodoo will utilise Credit Kudos’ platform for implementing Open Banking technology for ensuring a better app experience.

Freddy Kelly, co-founder and CEO at Credit Kudos, commented, “By partnering with Goodlord, we are able to help even more people prove their financial health and, ultimately, find a new home. Individuals who may have struggled under the traditional credit reporting system can now benefit from the additional insights available through Open Banking. In addition, having a more detailed picture of an individual’s finances enables agents and landlords to better understand creditworthiness and assess affordability more quickly and accurately. This does not only help make the renting process more secure and faster, but also fairer.”