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Landbay follows Zoopla pairing with new rental comparison tool

Peer-to-peer (P2P) lending platform Landbay has launched a new comparison tool that will help tenants and landlords to compare their rents against the prevailing market rate as rental values continue to spiral.

The ‘Rent Check’ facility, which has launched today (Monday), utilises data from the P2P lender’s monthly rental index and allows users to compare rental movements for specific property types to check that rents are tracking the wider market.

Co-Founder and Chief Executive Officer at the London-based FinTech firm John Goodall, said that he hoped the new service would provide assurance to renters that they were paying a fair rate in the current climate of low home ownership and low interest rates.

He said: “The UK is in the midst of a housing crisis and a severe supply/demand imbalance, meaning the rental property market is buoyant.

“Together, Landbay’s Rental Index and the Rent Check tool will give both tenants and landlords a simple way of accessing data from across the UK, not only providing an in depth view of the market, but helping inform their next move.”

It comes after the FinTech business, which allows users to investment in property via its P2P lending platform, launched a P2P lending solution with Zoopla Property Group last week.

Zoopla invested £500k in the startup earlier in the year which guaranteed it exclusivity for new Landbay products that will be rolled out across its network of property websites Zoopla and PrimeLocation.com.

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