Rental app Canopy has announced entering a partnership with a UK-based build-to-rent company, Get Living. This collaboration will put Canopy as the only provider for Get Living’s resident referencing.
The agreement marks the next step in a successful partnership for Canopy and Get Living, best known for its 1,500 rental homes in East Village, the former London 2012 Athletes’ Village.
Renters on the Canopy app create a digital profile called a “Rent Passport” and build a Trust Score which verifies everything from their income, creditworthiness, and employment, to their regular rent payments and past references. This means management firms and landlords can feel secure in choosing suitable candidates for their properties.
Get Living now uses Canopy as the sole provider of this service.
Residents can also benefit from Canopy’s “Rent Tracking” product to automatically reconcile their rent payments and improve their credit history using Open Banking technology. Canopy is working with Experian to encourage more lenders to take rental payments into account.
Canopy recently won the first round of the HM Treasury ‘Rent Recognition Challenge’ – the government-led initiative launched in 2017 to get rental payments recognized by lenders and credit agencies.
Jon Pitt, Chief Commercial Officer, Canopy commented: “The Get Living team are an industry trailblazer for the ‘build-to-rent’ sector and we are very proud to collaborate with them across their resident network. Together, we aim to address the difficulties and costs of renting to make renting a home a simpler and more rewarding experience.”
Christian Armstrong, Chief Experience Officer, Get Living said: “The rent recognition side of Canopy is a real winner for our residents. At Get Living, we are always looking for ways to offer our residents the best living experience possible. Last year we scrapped deposits and so giving our residents the opportunity to build their credit score while they live with us seemed the natural next step.
“We’ve chosen Canopy as our exclusive partner because of the efficiency of the platform and the information, support, and experience they could provide. We look forward to working with Canopy to change the way we all experience renting, at our London neighbourhoods and across the UK.”
Edited by V. Haviland
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