Fast low cost online tenant referencing for landlords. Reference your prospective tenants now
Due to the current Covid19 restrictions, if you do have any questions aboout referencing, you will get a faster response by emailing [email protected] quoting 'LandlordsandLetting' If you need to speak to someone please call on 01630 318181, quoting 'LandlordsandLetting'.
Tenant Referencing from only £15.00 inc VAT
Whenever you use a letting agent you will usually 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.
There are really two main levels of reference; the one for tenants in full time work who meet the income requirements will just need a Credit Check which costs just £15.00 inc VAT per tenant. Those in receipt of benefits, asylum seekers, self-employed, students etc will each need a Full Comprehensive Reference, which costs £40.00 inc VAT
Tenant Referencing is a requirement of Landlord Rent Guarantee & Legal Expenses policies.
However, whether you intend to take out one of these policies or not, it is vital, particularly in these times, that you thoroughly reference any potential tenant(s).
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.
Landlord Rent Guarantee Requirements for Professional Tenants
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)
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.
What about prospective tenants that do not satisfy the 4 Point Check?
If any prospective tenant's income is NOT at least 2.5 times their share of the rent, then a Guarantor may suffice. See below for requirements.
SAVE MONEY BY REFERENCING YOUR TENANTS DIRECT.
The link above takes you to Vorensys Tenant Referencing.
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.