Fewer Voids, More Choice: Why this Professional Guarantor is Reshaping the Rental Market
Why Landlords and Letting Agents Are Looking for New Solutions?
Letting agents and landlords are navigating one of the most demanding periods the private rented sector (PRS) has seen in years:
Rising demand from applicants without UK guarantors or large savings
Regulatory change—including restrictions on up-front rent demands and increased scrutiny of affordability
Pressure to reduce voids, speed up deals, and improve inclusivity without increasing risk
At the same time, tenant demographics are changing. More renters are self-employed, studying from abroad, in receipt of Universal Credit, or working flexible contracts. Many are excellent tenants—but don’t meet traditional referencing criteria.
The Importance of Tenant Referencing
As the landscape of the private rental sector changes with imminent changes to be introduced by the Renters’ Rights Bill, the way landlords and letting agents assess prospective tenants will be impacted . Ensuring a fair, efficient, and compliant tenant referencing process will be more important than ever.
How the Renters’ Rights Bill Will Change Tenant Referencing
The Renters’ Rights Bill introduces significant reforms aimed at improving tenant security and fairness in the rental market. These changes will directly impact how tenants are assessed, requiring referencing providers and letting agents to adapt their processes.