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No Agent (now Howsy) is the first national lettings business to help ‘Generation Rent’ get on the housing ladder

We are thrilled to announce that Howsy (formerly No Agent) will be the first national letting business to ensure that tenants’ timely rental payments are counted towards their credit reports.

An advantage for both tenants and landlords

We started Howsy with a simple mission- to create a better lettings marketplace for both landlords and tenants. As part of our commitment to fairness, we don’t charge any fees from our tenants, and only charge flat fixed monthly fees from our landlords. By partnering with Experian, we are taking one more step further. Our tenants will now be able to boost their credit history with on-time payments, access more affordable credit and get on the housing ladder faster.
And our landlords are getting the extra assurance that their tenants pay in full and on time. According to Experian’s internal research, the initiative significantly decreases rent arrears- by approx 70%.
Our proprietary technology will be integrated into Experian’s system and, following rigorous testing, Howsy will start sharing rent payments data with Experian. This data will then be included in tenants’ Experian credit reports.
The private rented sector is growing steadily, with a quarter of UKs population forecasted to be renting privately in five years’ time. The legislation was slower to catch up but things are changing. Last year saw a parliamentary debate following a 140,000-strong e-petition, the launch and second reading of Lord Bird’s Creditworthiness Assessment Bill in the House of Lords. At the beginning of the year, the government launched a £2 million initiative to find the best fintech platform to record rental payments by tenants.