A new tenant’s passport app has gone live in the wake of the fees ban.
MyHomePassport claims to be different because instead of having a defined shelf life, it can be updated with live information as soon as it’s needed.
The ‘live Updater’ feature has been trademarked.
It also uses data from three credit agencies.
Tenant applicants can invite their referees to log in to a secure section that uniquely verifies their ID, before they provide testimonials, to ensure that authentic references are provided.
The renter can also use the app to verify that the landlord actually owns the property, to avoid sub-letting scams.
CEO Christopher Ford said that the app has been in prototype since 2016, but has only gone live since the tenancy fees ban this month.
Under the ban, tenants cannot be forced to buy tenants’ passports but the legislation states that “tenants may obtain their own credit reports from a third party”.
The new MyHomePassport costs £20 plus VAT, which Ford claims is much better value than its competitors. The package includes two live updates and a fully vetted guarantor if required.
He said: “We are marketing to renters who know they are responsible and want to get ahead in a competitive market.
“They do not cost agents or landlords any time or vetting costs so that they can be fast-tracked like a ‘speedy boarder’ in budget airline parlance.
“Letting agents are displaying ‘ MyHomePassport welcome here’ window stickers: the ban means they cannot insist renters use us but they can welcome them.”