CREDAS LETTINGS

This article will provide you with an overview on Credas' lettings solutions which was designed to help you stay compliant completing landlord and tenant checks. If you would like to discuss the Credas Letting Solution further with our team, please contact us at sales@credas.com or if you would like to understand your tenant/landlord journeys or results more, please use the links below.

This article contains the following information:

1. Legislation Changes

2. Credas Lettings

2.1. Dedicated Lettings Portal

2.2. Tenant & Landlord Checks

2.3. Bulk Upload Feature

2.4. More Than Just Sanctions Checks

3. Relevant Credas Support Articles 

4. Useful Links

1. Legislation Changes

From the 14th May 2025, new legislation from the Office of Financial Solutions Sanctions Implementation (OFSI) will require lettings agents to screen all tenants, guarantors, adult occupiers (over the age of 18)  and landlords for potential sanction breaches before the commencement of any tenancy. This requirement initially applies to new tenancies and landlords and will extend to renewed and existing tenancies in subsequent phases. If a match is found, agents will be legally required to report it to OFSI. 

The Previous Anti-Money Laundering supervision threshold stays the same, meaning monthly rents over 10,000 euros still require AML procedures. 

2. Credas Lettings

The Credas Lettings Solutions offers the below areas to meet your compliance needs:

2.1. Dedicated Lettings Portal

We offer a separate Credas portal for you just for your lettings checks, so you can have a separate sales & lettings portal for data segregation and an easy-to-navigate experience. Furthermore, this allows you to have separate branding/customised invite wording between your sales and lettings check. If you would like customised branding please see our branding help here. If you have both a sales & lettings portal, to navigate between them both, you simply just need to follow three steps:

• Click on your initials within the Credas platform in the top-right hand corner;
• Click switch portal;
• Select the portal you wish you to access.

2.2. Tenant & Landlord Checks

We offer a range of tenant & landlord checks to meet your companies internal requirements, from sanctions-only solutions to enhanced full AML checks, including ID verification, bank account verification and property ownership validation. To find out the different checks available, please use the below links:

• Landlord Checks
• Tenant Checks

2.3. Bulk Upload Feature

We offer bulk uploads solutions for you so you can upload your existing tenant and landlord lists eliminating the need for direct contact and saving valuable time. To complete a bulk upload, please get in touch with our team at sales@credas.com who can discuss the steps with you. 

2.4. More Than Just Sanctions Checks

Credas lettings also provides additional services to streamline processes such as:

• KYB Reports - To obtain a KYB report, please follow the steps laid out here.
• Land Registry Integration - To run a Proof of Ownership or obtain the Title Register/Plan on a property, please follow the steps laid out here. 
• Affordability Checks - We offer an open banking solution so you can see a 6 month report of tenants affordability. To issue an Open Banking Journey, simply send out an Open Banking journey to the individual. To understand your Open Banking results, please click here.
• E-Signs/Tenancy Agreements - Please speak to our sales team to find out more information.
• Credas+ Remediation of False Positives - Please speak to our sales team to find out more information. 

3. Relevant Credas Support Articles 

• Credas Landlord Checks
• Credas Landlord Results
• Credas Tenant Checks
• Credas Tenant Results

4. Useful Links

• UK financial sanctions general guidance - GOV.UK
• Tenant And Landlord AML Checks For Letting Agents | Credas 

Got any questions? 

If you have any questions please reach out to the Credas support team by contacting us here

We are committed to continually improving our support resources for you. We would greatly appreciate your feedback below to help us enhance your experience.