A platform linking up andlords and tenants has come to market called Click Tenant this week.
As revealed by Mortgage Introducer in May, Click Tenant is a new venture from the team behind Student Tenant, which links up university students and landlords.
Landlords can list their first property for free, and after that they are charged £99 per successful let and £99 if tenants renew their tenants.
Until the lettings fee ban takes effect – the government is due to announce when this will happen later in the year – tenants are charged £79 for booking with the platform.
Currently properties listed on Click Tenant are being advertised on Rightmove and Zoopla as well.
Simon Vaughan, co-founder of Click Tenant, said: “We are advertising their properties for free, and in return, we ask that they advertise our business.
“This could be either through a post on social media, or by word of mouth. We know the importance of building a strong relationship from the very beginning.
“We see huge potential for growth in what we are offering. What landlord wouldn’t want to advertise their property on all of the major portals for free, and have the tenant credit checked?
“We also offer all of the full letting agent services, at a price that we haven’t found anyone else to be matching.”
Landlords using Click Tenant can buy more comprehensive and expensive packages.
For example for £199 per listed property Click Tenant will collect and store deposits and handle legals like tenancy agreements and guarantor agreements.
They can pay £549 per property for all that as well as property photos, a floorplan and a gas safety certificate.
Danielle Cullen, Click Tenant co-founder (pictured), said: “Many agents will have no choice but to transfer lost tenant fees over to landlords.
“As an online business, we don’t have the huge overheads associated with running a high street letting agency.
“We have automated a lot of the internal processes, making the whole business much more efficient and streamlined.
“Viewings and bookings can be managed online, credit checks can be carried out in a few clicks, and an array of additional services can be selected through instant quoting systems through partner integration.
“Therefore, we have the ability to offer cheaper letting solutions, underpinned by enhanced technology, at a time where landlords will be looking to cut costs.”