The best way to reference your tenants
Information you require from prospective tenants
Tenant Referencing is a requirement of our Landlord Rent Guarantee & Legal Expenses policy.
Whenever you use a letting agent you will normally find that referencing can cost between £50.00 and £100.00. Doing it yourself, via the links on this site will cost you far less - in some cases as little as about £12.00. There are really two main levels of reference; the one for tenants in full time work who meet the income requirements will cost less to reference. Those in receipt of benefits, asylum seekers, self-employed, students etc will cost more to reference.
You will need the tenants' full names, date of birth and current address and if at their current address for less than 6 months, their previous address also. Bear in mind that if a person's name appears on the Assured Shorthold Tenancy then they are regarded for legal purposes as a Tenant.
Requirements for Professional Tenants and the 4 Point Check
1. Identification from the tenant, containing a clear verified photograph
2. Either a utility bill showing existing address or a bank statement
3. Credit check that is clear of CCJ’s, bankruptcies & indicating confirmation of residency
4. Confirmation of employment – a written employers’ reference on company letter headed paper confirming your tenant’s permanent and current employment and that their salary is at least a multiple of 2.5 of the tenant’s rent (the documents must be no more than one month old from the start of the tenancy)
*Please note that if the 4-point check is applied & is in place, there will be no need to do a full profile – though in the event of a claim, the responsibility lies with the insured to produce the appropriate documents.
Who can reference your tenants?
If your tenants are professional tenants in full-time employment and meet the 4-Point Check then a basic credit check from any UK referencing agency that is licensed by the Financial Conduct Authority is satisfactory.
SAVE MONEY BY REFERENCING YOUR TENANTS DIRECT.
The link above takes you to FLS, our approved referencing agency. Please note that now if you require a Full Profile then that must be obtained from Rentguard Tenant Referencing only.
You can register for FREE and once registered you will receive a welcome email along with your account number and you will be able then to start the referencing process for your tenants.
Policies underwritten by Axa Insurance, Brit Insurance, Ageas Insurance, Fairmead Insurance, LV=, Nig Insurance, Axis Insurance
Landlordsandletting.co.uk is an information site. Seek independent legal advice before proceeding with any transaction. LandlordsandLetting is owned by Sureweb Ltd and acts as an introducer only. Rentguard policy conditions are always subject to Terms & Conditions of the relevant Rentguard Policy Document wording.©: Sureweb 2019. All the above is subject to the Terms & Conditions of the Rentguard Policy Wording. Rentguard is authorised and regulated by the Financial Conduct Authority.