At LetBritain we know low risk letting is every landlord’s priority. However without completing effective tenant screening it’s difficult to know for certain if your tenant will prove reliable.
Before preceding with a tenant you may ask yourself are the applicant’s details genuine?
Will they have enough income to cover the rent, each and every month?
It is hard to know whether the perspective tenant is honest, reliable and trustworthy.
Without the referencing procedure you could risk significant loss of income, potentially having your property damaged leading or even rent arrears.
Well a tenant reference is used to evaluate a prospective tenant’s suitability to rent a property, and this is calculated by analysing the tenant’s current financial and residential situation.
A tenant reference check provides the landlord with a clear and precise report of the applicant’s ability to pay the rent, as well as their recent renting history.
This allows the landlord to have peace of mind whilst making the decision whether to proceed with this tenant.
The landlord reference check will confirm whether the previous landlord had any problems with the tenant or whether he/she was happy with the tenant and would be willing to rent to them again.
At LetBritain we understand that a landlord would like to rent their property to a tenant who they believe is trust-worthy and reliable. In order for landlords to have peace of mind whilst letting out their property we ensure they perform effective tenant screening.
The referencing provides the landlords a full breakdown and insight into the tenant’s (yourself) financial situation as well as their past credit history. In turn this allows the landlords to access the tenant’s affordability and reliability.
The landlord pays a small fee and once referencing is completed, a report will be generated which helps the landlord decide whether or not they would like to continue with the tenancy agreement