Credit checks

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    Credit checks

    Looking to find a new tenant. I’m now on my third £79.00 credit check for a new tenant, it seems to me they know there going to fail, but ah ho it cost nothing for a tenant now, one even had a ccj for non payment of rent!! What’s the best way to go about this? I’m thinking 2 levels, start with a basic £20.00 or so search and if they get through that then go for the full £79.00 credit check. Any suggestions?

    #2
    If I were you I would first have a pre-screening asking them if they have any CCJ's. You then take a holding fee of 1 weeks rent, which is refundable as long as the information they have stated is true, if it is not you have the right to keep the money.

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      #3
      Not sure who you're using, but it seems expensive. I use Openrent and their full referencing report is only £28.

      Get the tenant to complete a detailed application first. The ones with something to hide probably won't bother.

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        #4
        £79?? NRLA do a full credit check for £12..
        https://www.rla.org.uk/landlord/cred.../?ref=services

        These people
        https://www.goodlord.co/tenant-referencing
        - say from £6.

        Who recommended the provider you've been using please?
        I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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          #5
          Originally posted by theartfullodger View Post

          These people
          https://www.goodlord.co/tenant-referencing
          - say from £6.
          No prices on their website that I could see - I never trust companies who are scared of showing prices lol


          Ive used OpenRent at £20 for full referencing - no issues with 1st one - just remember the timescales is dictated by how quick your tenant supplies the info.

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            #6
            I've used openrent in the past, unfortunately they work on timescales not on quality of the reports produced, if the tenant doesn't supply information or the referencing LL/LA doesn't respond, they just make a note on the file that they couldn't be contacted. Also they do not pass on any of the scanned documents the tenant sends for example, bank statements, employers details, wage slips, tenancy agreement, passport. I no longer use them for referencing.

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              #7
              I agree that to get the most out of the Openrent reference process you do have to stay on top of it as a landlord. They send a constant stream of email/text alerts giving updates so if I notice that something has been outstanding for a couple of days I usually chase the applicant to get it sorted. Its relatively easy to get hold of Openrent-Rentguard on the phone, so I also regularly check things with them, such as whats behind a particular credit score, or details of a CCJ that turned up a few months ago. I also managed to get a report updated once when something arrived late. I will look at the NRLA offering though.

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                #8
                Full Reference Check at NRLA is £24.50 ( Basic Check is £9 )

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                  #9
                  er... well, plus £75 to be a NRLA member...

                  But this site still works ... for now, and you can get a basic check for £12.50 without being a member: https://www.nlatenantcheck.org.uk/services.aspx

                  Experian do basic checks for £18.

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