Case Study: Premium prevents £160k rental fraud with Homeppl

Premium saves £160k from tenant fraud with Homeppl

The customer, a premium BTR (Build-to-Rent) client, faced a significant challenge with fraudulent tenancy applications, a problem that is rampant in the luxury rental sector. Their high-value, all-inclusive London apartments were a prime target for international fraudsters seeking to illegally sublet them. To address this, the client engaged Homeppl and its tenant referencing and fraud detection service.

Homeppl implemented its proprietary fraud detection technology, which analyzed the applicant's data and documents to immediately identify anomalies. This in-depth screening uncovered that the applicant was a criminal based in Brooklyn, New York, who had a history of fraudulent activity. As a result, Homeppl successfully prevented a £164,000 fraud attempt, saving the client from a major financial loss and protecting their property and business reputation.

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