New partnership provides lettings information to mortgage brokers

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This information comes from a new partnership between insurance broker Mint Insurance and geospatial technology firm Kamma. Customers with Mint Insurance will now be able to access Kamma’s licensing and HMO checker data.

It says this data will help agents reduce risks, both in terms of insurance and property licensing, and should lead to increased regulatory compliance in the property sector.

Both companies add that the new link up also solves the issue of lack of data in the lettings process, supporting automation, streamlining and a more effective decision making.

Kamma points out that total fines for non-compliant letting agents and landlords has now hit £7.5m, an increase of £300,000 in less than four months. The average amount of fines imposed on landlords for all offences is now £4,233 and £4,440 for letting agents.

Mint Insurance Brokers director Oliver Wharmby says: “We are always looking at ways to mitigate risk, promote good practice and add value for our policy holders.

“Licensing is a growing area of concern which is noticeably affecting more and more agents. Kamma’s proposition will help agents manage their risk and avoid fines and potential brand reputational damage.

“With new legislation constantly being introduced and existing legislation ever evolving, we hope our partnership with Kamma will raise awareness and help protect agents who operate in the property rental sector.”