Credit Reference Agency, Experian, is moving to add rental payments to its credit reports for the first time. The ‘Rental Exchange’, could help thousands of first-time buyers to get a mortgage with 150 social housing providers signed up to the scheme so far.
Managing Director of Experian Customer Services, Clive Lawson:
“Tenants pay a significant amount of money each month for the roofs over their heads, so it’s right to recognise these regular payments in a similar way as mortgages”
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