Trustedlets.co.uk is a new website which hopes to alleviate a certain level of risk out of the process of landlords trying to find quality tenants.

The website allows both landlords and tenant to rate each other and build up an online reputation. The ratings system works in much the same way as the one successfully used by Ebay and will allow prospective landlords/tenants to make an informed choice about who they rent to/from next. In these times of economic uncertainty, some landlords are deciding that they are unable to afford the cost of an agent to find a reliable tenant for them. For those landlords who decide to go it alone in the search for a tenant trustedlets could be a useful tool.

Registration on trustedlets is free but landlords are also able to advertise their properties alongside their ratings. This is currently being offered to landlords for free as the site has just launched and if combined with an initial three month free subscription there is the possibility of having six months free. After the free period is completed the cost per property will be £40 per month with discounts on three and 12 month packages. Trustedlets also told PIN that there will be further promotions in the future.

Charles Peak-Smylie, director of trustedlets.co.uk, told PIN: “The idea behind trustedlets.co.uk was borne out of the change in the law regarding deposits, we wanted to offer a service to landlords who wanted to find tenants but who did not want to have to take a deposit.”