Goodlord Launches Tenant Referencing Service
LONDON, August 31, 2016
Mobile-Friendly Technology Enables Rapid Reference Checks at Prices Dramatically Lower Than Industry Standards
Goodlord, the online platform revolutionising the way property is transacted, today announced the official extension of its platform to include comprehensive tenant referencing for residential property lettings. The service, which has been rigorously tested for months and integrates seamlessly with the company’s current technology, promises rapid completion times at the lowest per-applicant price on the market.
Richard White, Goodlord’s Chief Executive Officer, commented: “Our goal at Goodlord is simple: we want to help agents, landlords, and tenants reach great deals as efficiently and cheaply as possible. Referencing has always been an arduous and time-consuming part of that process, but it doesn’t have to be. Our new software builds on Goodlord’s existing infrastructure to provide an easy-to-use, automated service that takes all the admin out of referencing and lets agents get the job done quickly. We’ve already had tremendous success trialling this feature with our current clients, and are excited to make it formally available as part of the Goodlord platform.”
Since beta testing began in December, Goodlord’s referencing tools have helped its agency clients successfully obtain nearly 3,000 tenant references. Agents can launch the process as soon as holding payments are made, and track it step-by-step using Goodlord’s referencing dashboard. The extended platform, including the referencing tools, will be optimised for use on both desktop and mobile devices, making Goodlord the only property logistics platform to offer fully integrated mobile referencing technology.
The company’s streamlined systems and proprietary technology have made it possible for Goodlord to offer its referencing service at the cost of £8 per applicant, the lowest price in the industry. Goodlord will also offer rent guarantee insurance starting at £59 for prospective tenants who pass the company’s referencing checks.
Philip Mundy, Goodlord’s Chief Product Officer, added: “Over the last year, we have grown from a young startup into a platform used by hundreds of agencies throughout the UK. Our tenant referencing software is the latest step in our efforts to break new ground in the national property market. In the coming months we expect to continue rolling out new innovations, starting with a transformational upgrade to our platform in September. There are great things in store for Goodlord — we can’t wait to share them with the world.”
Founded in 2014 to address inefficiency in the UK real estate market, Goodlord has become one of the fastest-growing startups in the proptech space. The company simplifies property transactions by digitising and automating many of the administrative elements involved, bringing the typical time to reach a tenancy agreement down from four hours to 15 minutes. Hundreds of UK letting agencies use Goodlord’s customisable software to generate and process documents, collect signatures and deposits, and conduct reference checks. Goodlord has received multiple rounds of seed funding from prominent venture capitalists, most recently raising £2 million in May 2016 from LocalGlobe and Global Founders Capital, the venture capital fund run by Oliver Samwer of Rocket Internet.