News Article

What do Lettings Agents Check when Referencing?

Tenant referencing is an incredibly important aspect of any letting agent’s service and at DABORACONWAY we take it very seriously.

All Landlords experience budgetary pressures and void properties and the best way to avoid these is to source reliable tenants via a thorough vetting process.

Tenants can often feel under the microscope and surprised by the level of detail in a proper referencing process so it’s only fair that we at DABORACONWAY are upfront about what we require.

We use a healthy mix of valid background checks and years of experience fuelling our “gut instinct”; this makes us the best choice as letting agents in South Woodford and our letting agents in Winchmore Hill.

What do Lettings Agents Check when Referencing?

Initially, we’ll want to find out a little about the tenant themselves; their employment record, renting history and why they are interested in this particular property. Will they have a long commute? Why have they left previous properties? How long have they rented for in the past? All of these are really important questions and are a precursor to the formal screening process.

Credit Checks

These are crucial checks as they tell us whether someone is likely to be able to afford their rent. Credit history, CCJs, income levels, employment status, job title, all of these are important indicators.

Affordability Assessment

Some of this falls out of the credit check information, but this is a profile we generate based on stress tests to make sure the rent you set is affordable for the tenant. This may include the need for a guarantor which we can discuss in person in more detail.

Right to Rent Checks

These are so important for any landlord as fines can be imposed if these checks are not carried out. Tenants maybe asked to provide:

  • A British passport or National ID Card
  • A non-British passport including indefinite leave to remain in the UK
  • A certification of naturalisation
  • A Home Office certificate or residence permit card which shows residency status

 

At DABORACONWAY we will check the validity of these documents and take a signed and dated copy of them. We will carry out follow up checks if they are required. Click here for our frequently asked questions.

Posted on: 11 August 2021

Share:


Recent Articles

6 September 2021

How Much Deposit Do I Need To Buy A House?

Saving enough money for a deposit on a house is one of the biggest talking points for those looking to get onto or move up the housing ladder. For first time buyers especially, getting a deposit together can seem an enormous obstacle. But how much deposit do you really need to buy a house?

...

Read More

11 August 2021

What Do Lettings Agents Check When Referencing?

Tenant referencing is an incredibly important aspect of any letting agent’s service and at DABORACONWAY we take it very seriously.

All Landlords experience budgetary pressures and void properties and the best way to avoid these is to source reliable tenants via a...

Read More

19 July 2021

How Do I Choose A Property Management Company?

If you are a landlord looking to make your investment as stress free as possible, then you might be considering using a Property Management company. It’s an important decision and with so many companies to choose from, how do you choose the best one for you? DABORACONWAY...

Read More
Rightmove Zoopla Primelocation On The Market The Property Ombudsman Trading Standards Institute My Deposits Safeagent