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Why Let Alliance Same Day Referencing?

Let Alliance are revolutionising the way tenant referencing is transacted in the UK.

For the first time ever in the lettings industry, tenants will be assessed based on genuine affordability and their full credit history in real time, supported by secure access to bank accounts for specific transactions related to income and household expenditure, such as rental payments and utilities. With Same Day Referencing from Let Alliance.

70% of references are now completed on an automated basis and returned on the same day of receipt.

Until now, tenant referencing companies have relied on publicly available credit information, for example CCJ’s. We have relied on tenants supplying previous address history or linking addresses and on manual processes for viewing bank statements, talking to employers, collecting previous tenancy agreements and talking to previous landlords. Let Alliance, through our partnership with TransUnion and the introduction of Open Banking have changed this. Find out more about Open Banking for tenants.

  • Faster references with the ability to access more information, taking intelligent referencing to the next level
  • No more waiting for employer references, and no need to return holding deposits once the 14-day referencing deadline is due
  • More reliable references supported by new data provided with the tenant’s permission, through a secure Open Banking process
  • Industry first; referencing based on a tenant’s full credit file supported by Open Banking through our partner TransUnion (formerly Callcredit).
  • Your business risk is managed, and your reputation is safe

The Let Alliance Same Day Referencing Process

Who is TransUnion?

TransUnion (formerly Callcredit) are a consumer credit reporting agency, with a difference. They believe in using ‘Information for GoodSM‘ by going beyond credit data to offer the insights that businesses and consumers need to make informed decisions and achieve great things. Using the latest and most advanced user technologies, Let Alliance in partnership with TransUnion have developed Same Day Referencing to change the game as we know it.

Take advantage of Same Day Referencing for your business

Same Day Referencing is transforming the referencing process for letting agents and tenants across the UK, with references being completed faster than ever before meaning tenants move in much quicker. To find out more about Same Day Referencing, contact our Customer Development Team by emailing customerdevelopment@letalliance.co.uk or call 01244 564 986.

What is Open Banking?

Same Day Referencing wouldn’t be possible without permission from tenants to use Open Banking. Open Banking is a secure way to give access to financial information, meaning we’ll have full visibility of the tenant’s rental payment history and employment income without having to go directly to the previous landlord or employer – meaning the move in process becomes quicker, without the need to provide endless documents to verify their information.

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