There are some requirements that the credit reference agencies and lenders have to ensure that they can use your rental payment information. As things stand today, you will be eligible for Bud’s rent recognition tool as long as you are:
- Over 18
- Renting a property under a UK tenancy agreement
- Paying rent directly to a private landlord/estate agent (subletting doesn’t count)
- If you pay rent to another person who pays the landlord on your behalf, click here
- Pay the same amount of rent on the same date every month
- Pay rent from a bank account that is connected to the Bud app
If you meet all of the above requirements...congratulations! You’re ready to start benefiting from rent recognition.