Credit Checking A Potential Tenant

ChillyPig

Can anyone recommend a site that i can use to credit check potential tenant for CCJ's, credit history etc?

I know I will have to pay for this service but think it a good investment.

Many Thanks

G_M

Letsure

Homelet

fcc paragon

tenant referenceing

Or join a landlords association for discount rates (tax deductable)

Or check Landlordzone

Sammy85_2

NLA tenant check. You can do basic credit check or full check where they check references and employment details. You dont have to join the NLA, but get cheaper rates on the checks if you are a member.

propertyangel_2

I always ask to see a tenant's last 3 months bank statements & the last 3 payslips. Very helpful. Landlord Action have a helpline where you can check your potential tenant hasn't been previously blacklisted for not paying rent.

new_home_owner_3

I used these http://www.tenantverify.co.uk/

tbs624

propertyangel wrote: »

I always ask to see a tenant's last 3 months bank statements & the last 3 payslips. Very helpful.

Really? And what is it that you think you can glean from a nosey at the potential T's bank statements? If Ts are already submitting to a credit check ( & paying for it too) they shouldn't need to show you their bank statements.

propertyangel_2

tbs624 wrote: »

Really? And what is it that you think you can glean from a nosey at the potential T's bank statements? If Ts are already submitting to a credit check ( & paying for it too) they shouldn't need to show you their bank statements.

Credit checks though useful aren't infallible and not everyone has a credit history that can be checked electronically. People who've come from overseas and have only been in the country for a few months. Depends on the tenant and the situation. I find checking bank statements verifies what a person tells me. However its not appropriate in every case.

A quick check shows whether a person is receiving a monthly income as they claim or in truth is on housing benefit. It also shows what rent they are paying (if they pay by standing order) and whether they are heavily in debt or not. It also confirms their current address.

Most people are honest but there is always the odd one. Stick to whatever works for you.

jadex

Eton_Rifle wrote: »

I suppose, apart from the usual transactions indicating available funds, you could also actually see the risk indicators like multiple monthly payments for higher risk category services e.g. gambling websites and retailers such as QVC - these activities affect your credit rating.
A landlord could assess the situation for himself for a borderline tenant.

old wives tales

Snooze

Eton_Rifle wrote: »

I suppose, apart from the usual transactions indicating available funds, you could also actually see the risk indicators like multiple monthly payments for higher risk category services e.g. gambling websites and retailers such as QVC - these activities affect your credit rating.
A landlord could assess the situation for himself for a borderline tenant.

:rotfl::rotfl::rotfl::rotfl::rotfl: