New app will boost a tenant’s renting experience

A new way for tenants to improve their renting experience is being promised with the unveiling of a new, free app called tlyfe.

The app is a result of a tie-up between The Deposit Scheme (TDS), the tenancy deposit protection and resolution service provider, and prop tech firm OpenBrix.

The new offering promises to be the UK’s most pioneering ‘tenant lifecycle app’.

Help manage the entire lifecycle of a tenancy

The aim of tlyfe is to take the stress out of the move-in process and help manage the entire lifecycle of a tenancy.

The app promises unique benefits to tenants, landlords and agents and will enable renters to view and manage their tenancy deposits – a UK first.

By integrating with other industry products, tlyfe also offers:

• Verified digital ID verification
• Right-to-rent checks at the click of a button
• A low-cost tenant loan solution
• An interactive move-in process
• Auto document storage.

App will build a tenant’s credit score

Tenants are also able to build their credit rating by keeping a record of rental payments and, provided they are paid on time, the app will build a tenant’s credit score.

The app is available exclusively to TDS customers free of charge.

The group chief executive officer at TDS, Steve Harriott, said: “tlyfe is a ground-breaking new tenant app that will help tenants manage their deposit and renting experience in a different, better way.

“This will undoubtedly make life easier for our customers. We’re really excited about introducing tlyfe to our tenants.”

Adam Piggott, the chief executive at OpenBrix, said: “Thanks to this unique collaboration with industry leader TDS, the release of tlyfe will make a real difference to tenants and give them a huge advantage when managing their rentals.

“To ensure tlyfe is aligned with government policy, many of the features have been developed following discussions with the Department of Levelling Up, Housing and Communities.”

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