Why should I get involved?
Millions of social housing tenants in the UK face financial, digital and social exclusion.
One major cause of this is an information gap in their credit history, which can exclude low-income people from affordable credit. They are more likely to be declined or pay a higher price for credit and other basic goods and services.
The Rental Exchange is a way for tenants’ rent payments to be counted towards their credit score in a similar way to mortgage payments for homeowners, this can help tenants with the challenges they face in everyday life, such as getting a better tariff for a bill, attaining affordable credit when they need a loan, or proving their identity.
It will help landlords and housing providers to identify those tenants who are committed to paying their rent payments on time. By identifying these customers it can give you the chance to enter into long-term relationships and create transparency between you and your tenants.
To find out more about The Rental Exchange, have a look at our information brochure below..
How do I get involved?
To get involved in The Rental Exchange , simply fill out our contact form and our team will be in touch.
Tenancy Impact Planning
The Rental Exchange was primarily designed to give renters a fairer deal by helping them build up their credit file. But beyond this, Rental Exchange membership can unlock access to data to help you better understand your tenants’ financial circumstances. Knowledge is power and as Government policy places more pressure on the social housing sector, and with government reforms stretching your limited resources ever further, finding out more about your tenants’ individual circumstances efficiently could be the only way to allocate homes fairly and remain sustainable. Allowing you to prioritise the right people to help, understand – and therefore manage – the impact of policy changes.
To find out more information about this click HERE