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Posts Tagged ‘tenant checks’

Tenant referencing – beware who carries out your checks

April 4th, 2011

There are a number of companies providing tenant referencing or tenant checks, and as with many suppliers there are a range of service offerings and a range of prices which can be a little confusing for landlords and letting agents.

The fundamental to consider with all tenant referencing reports is the skill with which the work is undertaken. It really is not a simple case of carrying out “a search” in court databases, if you want to have a high degree of certainty that your tenant is free of adverse financial history you need to do more.

A key aspect is multiple or linked address searches. At Credit Check Services they found than in over 40% of tenant checks carried out there was CCJ information recorded at a previous linked tenant address. Thus any company that carries out a search using only one or two recent addresses is at great risk of failing to find adverse financial data should it exist.

Some companies offer a headline price, then add on £2 per linked address searched. The reality is however that there can be up to 7 or 8 linked previous addresses for a tenant, thus a headline cost for a single address search can soon escalate a much higher cost.

This is where the service offering from Credit Check Services makes absolute sense, they provide tenant screening reports from £8, and all report options include linked address searches. Simple pricing with no hidden costs, and a full search for adverse financial data. Take a look for yourself, tenant referencing at Credit-Check-Services.co.uk

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Posted in Buy-to-Let

Tags: tenant checks tenant referencing tenant screening

Employee Screening and Tenant Checks

August 21st, 2010

It is becoming increasingly common for employers and landlords to carry out employment screening and tenant checks before hiring or letting a property. For tenants these checks include searches for financial problems such as CCJs or bankruptcy, previous landlord referencing, risk evaluation scores, etc. For employers the screening goes even further and can include criminal record checks, all previous employment history, driving licence checks, and more.

Specialist companies such as CREDIT CHECK SERVICES provide screening to landlords and employers, often within one working day, and with pricing from less than £10 it makes sense to check a prospective tenant.

Within the next 5 years it is projected the majority of employers and landlords will obtain specialist screening reports on prospective employees or tenants.

So as an employee or tenant what should you do? Well, first and foremost start managing your financial history, don’t see CCJs as a minor inconvenience, if you do have a debt problem agree a payment plan rather than letting it go to the court for enforcement.

Managing your credit profile is not only to enable you to obtain credit form banks, increasingly it will affect your ability to rent a property and gain employment.