Advanced Rent is pleased to announce that it has partnered
with Let MC and Gnomen to provide a fully integrated
tenant referencing service to their customers. Advanced Rent’s
industry-leading referencing platform provides a full reference
for a fair price with checks that include:
6 year credit history check
Address verification and linked address summary
Employment and income verification
Previous landlord reference and verification
Guarantor validation and suitability check
Right to Rent regulations complied with
Letting agents receive their own portal login to see
real time updates and progress of each application
submitted. Results accepted and approved by DAS,
Europe’s leading Rent Guarantee and Legal Expenses
Advanced Rent is proud to announce the launch of its
new tenant referencing platform. The
Advanced Tenant Referencing platform has been providing
a high quality referencing service to Landlords and
Letting Agents for a number of years but now has the
capability to integrate via API. This means that the
whole process runs seamlessly from start to finish with
the automatic transfer of tenant and property data from
a customer’s existing software provider. Letting agents
receive their own portal login to see real-time updates
and the progress of each application submitted. The results
are accepted and approved by DAS, Europe’s leading
Rent Guarantee and Legal Expenses insurance provider.
We provide our Tenant Referencing and Landlord Insurance
products nationwide to our Letting Agent partners. Our
industry-leading online product distribution platform is
an invaluable and powerful tool to help you grow your business.
Advanced Rent launches new product
Following six months in development Advanced Rent has launched
another unique and innovative product into the UK residential
landlord sector; Deposit Replacement Insurance.
Deposit Replacement Insurance allows landlords to avoid the
admin and hassle of accepting tenant deposits whilst still
benefitting from the reassurance a deposit provides. With
more and more legislation which landlords have to adhere
to for holding tenants’ deposits, and the increasing cost
burden on tenants to provide a large deposit, there is now
an alternative to cash deposits.
The Court of Appeal decision in the case of Superstrike
undoubtedly caused some confusion about the legal position on
some aspects of deposit protection and the ability for a landlord
to issue a section 21 notice to regain possession of his property.
In a dispute, if the court decides that you have not protected the
deposit correctly or even issued the prescribed information to the
tenant within a certain period, a landlord can be forced to pay the
tenant up to 3 times the deposit amount in compensation. Considering
that these disputes arise after an incident of damage to property
or non-payment of rent, the landlord can be left considerably
out of pocket.
The cost to the tenant is equivalent to around one week’s rent.
The benefits to the landlord include damage (dilapidations) cover
and unpaid rent for the equivalent of up to 6 weeks’ rental value.
Deposit Replacement Insurance is only available through Advanced
Rent and is underwritten by one of Europe’s largest insurers.
Advanced Rent launches new product
Advanced Rent has launched a new product; Rent Guaranteed.
Rent Guaranteed pays landlords their rent on time regardless of
whether the tenant has paid. It is far superior to conventional rent
insurance as Advanced Rent takes the risk and hassle of recovering
rent either from a tenant or an insurance policy. For the landlord
there is no excess, no hidden charges, in fact - no claim. Advanced
Rent continues to pay the rent for two months after vacant possession
is achieved or until a suitable tenant is found, if earlier.
In addition to providing landlords with financial security and
removing much of the administrative burden of being a landlord,
Rent Guaranteed provides landlords with home emergency insurance
as well as legal expenses cover.
Steve Simons, director of Advanced Rent, commented: “Rent Guaranteed
allows landlords to plan their finances for the term of the tenancy
agreement. We are finding that it’s a great solution for landlords
with regular bills to pay – they have certainty over their outgoings
but not their income, until now.”
As a result of feedback from its customers, Advanced Rent is
introducing a range of value added services for landlords and plans
to introduce these in the coming months.
Advanced Rent partners with Belvoir
Advanced Rent has partnered with Belvoir & Co, one of the UK’s largest
specialist lettings franchises. Belvoir have agreed to promote Rent in
Advance to all of their landlords across an initial pilot of 5 selected
Belvoir is already one of the UK’s largest lettings franchises in the UK
and, with an ambitious acquisition programme underway is set to expand
further. Specialising in lettings with no association to estate agency,
Belvoir’s staff are trained to provide a high quality service to both
landlords and tenants.
Rent In Advance is a new product from Advanced Rent, which gives
landlords six months’ rent upfront, every six months. This innovative
idea enables landlords to guarantee their cash flow and access a lump
sum that would otherwise only be available to them in instalments over
the next six months.
Tim Cooley from Advanced Rent commented, “Belvoir has an excellent
reputation amongst landlords and is already a well recognised high
street brand. We’re thrilled that Belvoir sees the potential of Rent In
Advance and we are looking forward to working together.”
Advanced Rent shortlisted for Landlord & Lettings Awards
Advanced Rent has been shortlisted as a finalist for 2012/13 in
the Innovation category of the prestigious Landlord & Letting Awards.
Oliver Romain, editor of Landlord & Buy-to-Let magazine and lead judge
for the Awards, commented: “The Landlord & Letting Awards are the
premier nationwide private rented sector awards in the UK, and it’s
great to be able to recognise and reward the best in the industry.
The Awards receive industry-wide support and it is encouraging to see
so many companies and individuals wanting to take part. This year’s
response was phenomenal, with more entries than ever received across
the various categories, so Advanced Rent has done brilliantly to be
Steve Simons, director of Advanced Rent said, “We are thrilled to have
Rent In Advance recognised in the Innovation category at the Landlord &
Letting Awards. Rent In Advance is truly innovative – there is
currently nothing else like it on the market.”
The winners for each category will be announced at a gala dinner in
Coventry during the Landlord and Letting Show on Wednesday 28th