Include Rent Payments in Credit Scores

Rent payments should be included when calculating credit scores to support tenants wanting to buy a home of their own. The Residential Landlords Association (RLA) found that 61 per cent of landlords would support such a move. At present, credit rating agencies do not routinely include rent payment history when calculating credit scores. This means a tenant can find it difficult to access a mortgage, even if they have a long history of rent being paid in full and on time. Including rent payment in this way would also support landlords, providing them with a more accurate assessment of a prospective tenant’s credit and rent payment history. Read more on the RLA website.