There’s more choice than ever when it comes to referencing tenants…but do you know exactly what you’re paying for? Let us break it down for you.
Most tenant references will involve a credit check highlighting any adverse credit such as CCJs or IVAs. This gives an indication as to whether the applicant has been consistent in paying their bills and debts reliably and on time.
But what else?
A credit check, or Insight reference with Rentshield Direct also includes checks of the following:
We confirm ALL of the above information as part of our INSIGHT reference – and you’ll receive an instant report.
Credit and address history can tell you a lot about a person – but it doesn’t actually tell you if the tenant can afford the rent for the duration of the tenancy…only obtaining a financial reference and verifying the income can do that.
There are platforms out there that will fully automate this for you, and rely on technology to complete the reference. But that’s not how we do things, we believe that the human touch can’t be beaten – after all, no two tenants are the same.
Our highly trained Referencing Team do things that a computer can’t, such as:
Not only is fraud becoming a more common occurrence in the tenancy application process, fraudsters are becoming more creative and trickier to detect. That’s why our skilled team are experienced in picking up subtle fraud indicators on documents.
As fraudsters generate new tactics and techniques over time, we continually train and develop our team to make sure they stay ahead of the curve.
Here’s just one example…
is this a genuine UK bank statement? If not, what brings you to that conclusion?
Although to most of us this looks pretty convincing, our referencing executives are able to detect very quickly when assessing income that this is not valid. A few key indicators on this example are…
We analyse every document that passes through our system. When something doesn’t look right to our referencing team, we raise it with our central suspicions department for further investigation and update our agents on what’s going on. Nothing is left to chance. On top of that, we’re linked to CIFAS – we cross reference applicants against the UK’s largest fraud database, indicating if they are registered on any of the Government’s asset freezing lists.Your referencing options