Birmingham, United Kingdom (PressExposure) October 13, 2009 -- New national database comes as latest figures from ARLA show rental defaults reaching record highs.
Lettings reference solutions company Let Checkâ¢ today announced the launch of a unique new software system, Letalertâ¢, which uses CID Authenticationâ¢ technology to deliver instant identity checks on prospective tenants. The service, available to lettings agents and private landlords from today, allows for comprehensive, legal verification of tenant reference documents, including UK driverâs licences and utility bills, UK credit/debit cards and passports from nearly 200 countries. The industry first development comes as new figures released by the Association of Residential Lettings Agents show a 65% upsurge in the number of tenants struggling to pay their rent in the past six months.
Letalert â¢ is tailored to generate fast, accurate references for lettings agents, and is specially geared towards locating tenants who have incurred previous rent-related court injunctions. With the tenantâs consent, Letalertâs CID Authenticationâ¢ technology enables clients to obtain an instant credit score of a prospective tenantâs financial standing and immediate identity verification.
âWith rising financial pressures and national unemployment figures projected to rise to three million by 2010, all the signs point towards an upswing in tenants defaulting on their rent. Weâve developed this solution as a direct response to concerns from private landlords and letting chains who want to know their tenants and better safeguard their investments and well as tenant demands for a more efficient system of gathering referencesâ, comments Riz Gohir, Managing Director, Let Checkâ¢. âLetalertâ¢ underscores Let Checkâs commitment to developing unique solutions for the rapidly changing lettings sector and influencing tenants to understand their responsibilities.
Letalertâs linking capabilities enable agents to integrate the service across their business nationally, or internationally, allowing for seamless integration of the product with the companyâs existing framework of professional standards. The service can be incorporated into lettings agentâs corporate packages or accessed directly via the Let Checkâ¢ web site [https://www.letcheck.co.uk]