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Open banking for letting agents

Reference tenants on real income, not paperwork

Confirm a tenant's income and show whether the rent sits comfortably within their budget, in minutes, with no payslips or statements for them to dig out.

Referencing is the bottleneck

Chasing documents holds up move-ins and ties up your team.

Referencing drags on

Documents take days to arrive and verify.

Paperwork can be out of date

A payslip is one month, not the real picture.

Guarantors add friction

Extra steps slow a keen tenant down.

Voids are costly

Every empty week is lost rent for your landlord.

Why letting agents use it

Faster move-ins

Reference in minutes, not days.

Fewer voids

Fill properties sooner with confident decisions.

Fair to every applicant

The same clear check for everyone.

A clear audit trail

Evidence for you and your landlord.

The data points that matter for letting agents

One connection surfaces exactly what you need to make a confident decision. See how it works.

Verified income and how often it is paid
Current rent or housing payments and whether they are on time
The rent-to-income ratio for the property
Existing credit and committed outgoings
A worked example

A prospective tenant applies for a £1,200-a-month flat. One open banking connection confirms a £3,400 monthly income, an existing £950 rent paid on time for twelve months and comfortable headroom, so you can reference them the same day.

console.creditcanary.co.uk
Affordability summary
Applicant · 2 accounts connected
Affordable
Verified income
£3,240/mo
Salary + self-employment
Committed spend
£1,980/mo
Rent, credit, utilities
Monthly surplus
£1,260
After all commitments
Committed£1,980
Discretionary£720
Surplus£1,260

Open banking for letting agents: FAQs

Can we reference tenants with little or no credit history?

Yes. Open banking looks at real income and payment behaviour, so thin-file and non-standard applicants get a fair assessment rather than an automatic decline.

Is the tenant in control of their data?

Yes. The tenant consents to share, the access is time-boxed, and they can revoke it whenever they choose.

Is open banking data secure, and who can see it?

Access is read-only under FCA authorisation and encrypted in transit and at rest. The customer consents to share specific accounts for a limited period, only letting agents working on the case see the result, and the customer can withdraw access at any time.

Reference tenants in minutes

Book a demo and we will reference a tenant on a live connection.