# First national lettings business to help ‘Generation Rent’ get on the housing ladder
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-01-18
Category: LIFESTYLE
Category URL: https://financedigest.com/category/lifestyle
Meta Title: No Agent Partners with Experian to Report Rental Payments
Meta Description: No Agent revolutionises UK rental sector by counting tenants' timely rental payments towards their credit reports through Experian's Rental Exchange
URL: https://financedigest.com/first-national-lettings-business-to-help-generation-rent-get-on-the-housing-ladderhtml

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**No Agent partners with Experian, reporting rental payment history to enhance tenants’ credit histories**

![Calum Brannan, CEO, No Agent](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/calum-brannan-1736843066846-compressed.jpg)

Calum Brannan, CEO, No Agent

On a mission to clean-up and revolutionise the UK rental sector, [No Agent](http://r20.rs6.net/tn.jsp?f=001o64vsa2Km8Bej94U7dcY82qLdk--vcEGdns8hbpC1XFSqcWMpqOR0fqFDVeH1GcVrfAMtFnjpreTRytfQ880yQ9N0dbWQE7msBXatEaoY1xn_q39F-pOGev39lkNgwp7jW243gjpPAMvueZWIYIqA7hyznXf8Ud3YOrt_7bcPsY=&c=9CoYHQrVjoNClYHWcah2d9jJFYR3SlchJzSTNJyh8Sw3LVyTVM-a_Q==&ch=KbWjU56fmev_-_4qk6KizmiKuYY12biS4Iih3GK8QKYdFD4aIukaNw==) will be one of the first national letting business to ensure their tenants’ timely rental payments are counted towards their credit reports through Experian’s Rental Exchange initiative.

**_“Rent is usually the largest regular payment in a household and should be the main indicator of creditworthiness. Yet tenants paying rent regularly don’t see this reflected on their credit scores in the same way homeowners do with their mortgage payments. It’s making it even harder for them to get on the ladder and it’s simply not fair. So we are partnering with Experian to change things for Generation Rent.”_**

No Agent [manages private rental](https://www.financedigest.com/looking-to-buy-a-rental-property-heres-why-you-need-a-property-manager.html "Looking to Buy a Rental Property? Here’s Why You Need a Property Manager") property across England by combining technology with a team of experienced property professionals. Their proprietary technology will be integrated into Experian’s Rental Exchange system and, following rigorous testing, No Agent will [share rent payments data](https://www.financedigest.com/how-data-sharing-can-give-brands-confidence.html "How data sharing can give brands confidence") with Experian. This data will then be included in tenants’ Experian [credit reports](https://www.financedigest.com/credit-agricole-is-weighing-foray-into-german-car-sharing-media-report.html "Credit Agricole is weighing foray into German car-sharing: media report").

**“Historically, it’s been easier for people who already own a home to build a credit history than those who want to get on the property ladder. Monthly mortgage payments were factored into credit scores, whereas rental payments were not considered. We felt it was time to give renters a [level playing field. We’re pleased to welcome No Agent](https://www.financedigest.com/textile-leveling-agent-market-to-flourish-with-an-impressive-cagr-during-2021-2031-fact-mr-report.html "Textile Leveling Agent Market to Flourish with an Impressive CAGR during 2021-2031: Fact.MR Report") to the Rental Exchange, so their tenants can strengthen their credit histories simply by paying their rent on time.”**

**_Mark Goodfellow, Rental Exchange Partner, Experian_**

**“We started No Agent to fix the letting experience for both landlords and tenants, and we strongly believe technology is the solution. Through the Experian Rental Exchange, our tenants will boost their credit history with on time payments, [access more affordable](https://www.financedigest.com/hair-care-shouldnt-break-the-bank-transplant-surgery-should-be-accessible-and-affordable-for-all-men.html "Hair-Care Shouldn’t Break The Bank – Transplant Surgery Should Be Accessible and Affordable For All Men") credit and get on the housing ladder faster. And our landlords are getting an extra assurance that their tenants pay in full and on time.**

**_“I am very proud No Agent is leading the charge in creating a marketplace that’s fairer for everyone.”_** **_Calum Brannan, CEO, No Agent_**

The private rented sector is growing steadily, with a quarter of UKs population forecasted to be renting privately in five [years’ time](https://www.financedigest.com/elon-musk-named-times-2021-person-of-the-year.html "Elon Musk named Time’s 2021 ‘Person of the Year’"). 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](https://www.financedigest.com/uk-nurses-begin-biggest-strike-ballot-in-more-than-100-years.html "UK nurses begin biggest strike ballot in more than 100 years") the government launched a £2 million initiative to find the best fintech platform to record rental payments by tenants.


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