are you ready for right to rent? webinar slides

Right to Rent Webinar

Richard Ingles, Head of Client Development

Welcome!

• The Immigration Act 2014 introduced wide reaching and unprecedented obligations upon Landlords. Original pilot launched in December 2014 in the West Midlands.

• The Immigration Bill 2015/16 rolled out formally on 1st February 2016 and contained a proposal to broaden liability for non-compliance of Right to Rent – maximum penalty up to 5 years in prison and/or fine

• Recent events:• Mar 2016: Airline Ryanair won a civil court case after appealing against fines imposed

by the Home Office for carrying illegal immigrants into the UK

• RLA demand changes to the Government’s Right to Rent legislation• Mar 2016: RLA campaign succeeded. Landlords will no longer be immediately

criminalised for failing to pick up illegal tenants.

• However you will still face penalties and fines for non compliance

The law and the challenges

• Right to Rent checks are manualSoftware automates the process

• Right to Rent checks take timeSoftware streamlines on-boarding

processes

• Letting agents are not document expertsSoftware allows you to meet compliance requirements quickly and efficiently

• Documents need to be stored and date of check recorded

Software offers a full audit trail with secure storage of all ID documents

Software as the solution

• Contego is a due diligence platform that checks people, companies and ID documents in real-time.

• We are not a data provider but a technology solution• We source data from a wide range of suppliers, including law enforcement• We access more data in one single-point solution than any single supplier

What is Contego?

• We work within the UK property sector for leading UK estate agents and the tenant referencing industry. Key clients include:

• User inputs name (first name, last name) into the platform, uploads ID documents (scanned image), then clicks “Check Person”

• Contego delivers a Pass/Fail result, creates a transaction history, and data is stored securely within the console

• Access to Contego via User Interface, or an API connection for high volumes

How does it work?

• Passports• National ID cards• Visas• Biometric residence permits (BRPs)

What documents can we process?

What information do we capture?

• Our online application is available 24/7, and has unlimited cloud storage to store your tenants’ documents

• Complete audit trail by user and by transaction, to assist internal audit and compliance processes

• Data security. End-to-end encryption protects all data and all sensitive data is stored in encrypted form

Full audit trail and document storage

Contego full property solution

TenantID checks

“Right to Rent”House Buyer

ID checksSanctions

House SellerFull AML

KYC

LandlordID checks

Etc.

• Automate Right to Rent checks

• Meet compliance requirements quickly and efficiently

• Streamline customer on-boarding processes

• Generate and store document results, providing a full audit trail

Summary

Q & APlease type your questions to the

chat window at the side.We will do our best to answer them

all

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THANK YOU FOR LISTENING!

+44 (0) 1235 375 000richard@contego.com

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