Credas Technologies has launched a suite of products under its new Credas Lettings offering to help agents prepare for new regulations. 

From 14 May 2025, letting agents will have to screen all tenants and landlords for potential sanction breaches, resulting in millions of additional checks a year causing a huge disruption within the market.

Credas Lettings will support letting agents in conducting both tenant and landlord checks to ensure compliance by streamlining the IDV and sanctions screening process.

Landlord checks will range from a standard sanctions-only solution to a more enhanced product that includes ID verification, sanctions-only checks, bank account verification, and checks to ensure the Landlord owns the property they are renting. Credas Lettings will also empower agents to easily verify a tenants right-to-rent and sanction status without needing to run any additional checks.

One major problem agents will have is their existing book of tenants and landlords. To ensure these tenants and landlords are checked against the sanctions, letting agents can ‘bulk upload’ current tenants and landlords, eliminating the need to contact them directly and saving agents a significant amount of time.

Tim Barnett, chief executive at Credas, said: “With the private rental sector now representing 19% of all households in the UK, this new guidance represents a major shift for the industry. Agents must now oversee financial transactions and carefully assess individuals and businesses with more scrutiny. We have created our lettings offering to focus solely on the sanctions capabilities letting agents need, removing the burden on agents.  

“At Credas, we are dedicated to providing agents with the resources and expertise needed to navigate these changes effectively,” Barnett added. “Alongside time savings, streamlining processes, and removing the risk of false positives, it also gives agents peace of mind that a tenant is not impersonating the landlord and unlawfully renting out a property.”