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Blog

Tenant Referencing

9/4/2020

 
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​Rental processes vary from country to country, therefore it’s no wonder that it can seem daunting when you relocate and need to find a property.  Using a relocation consultant is always the best way to ensure you have the most up to date and relevant advice and information, whilst also reducing the stress involved.  However, having an overview of the process and what’s expected of you can only be advantageous.  Here we are looking specifically at referencing and what that process entails.

Once you have selected a property and your offer has been accepted you will be asked to pay a holding deposit (one weeks’ rent, to take the property off of the market). The agent will then start the referencing process, which is generally through a third party and online.  The purpose of this is to check that you are able to afford the monthly rental and also pass ID checks. The agent has a legal duty to carry out this process. This is normally the part that can hold things up so please ensure you provide the information as soon as possible or you can risk a delay on moving into your new property on your desired date.
 
Criteria to pass referencing
  • Must be employed for the duration of the tenancy term (or provide future employment details).
  • Must earn a minimum of 2.5 times the annual rent otherwise a guarantor is needed.  Another calculation used is that your annual salary must be at least 30 times the monthly rent). 
  • Must be a UK resident/have a good credit history with no CCJs/CCDs/Bankruptcy/IVAs or provide a valid VISA or Biometric Residence Permit (BRP) if not a UK resident.
 
How the process works
You will be sent a reference document or online link by the letting agent (or their third party) which needs to be completed by you, and anyone else over 18 that is named as a tenant.
 
You will also have to pass a “right to rent check.” Legally landlords of properties throughout the UK must check that someone has the right to rent before letting them a property. This applies to anyone over the age of 18 living in the property.
 
Be prepared!
Being prepared is key, so the more you can do in advance, the better. That way, you can respond quickly to the reference company’s request. 
  • Take a photo or scan your passport/visa/BRP in advance. 
  • It may be worth letting your employer know that they will be contacted to confirm your employment information. 
  • Have copies of your previous three months bank statements. 
  • Have proof of address from your last home. 
  • It may also be worth asking your previous landlord for a reference if you are able to.
 
If you are thinking of relocating to, or around, the UK please feel free to contact us to see how we can assist you.

0118 947 0029
info@therelocationconsultancy.com
www.therelocationconsultancy.com

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  • Home
  • About Us
    • Testimonials
  • Relocation Services
    • Area Orientation
    • Property Search
    • School Search
    • Settling In Services
    • Departure Services
    • Other Services
  • Support Services
  • Areas Covered
  • Resources
  • Blog
  • Contact Us