We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tenant referencing check: bank statements

24

Comments

  • anselld
    anselld Posts: 8,683 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Nobody can say, but these referencing companies dont generally tend to go into much detail.

    Are we to assume that the Airbnb use was not authorised by your current Landlord? I am not sure how the referencing Co would know if it was authorised or not.
  • Why would you go through it yourself if you use an external agency to do the check?
  • Yeah, not authorized!

    Someone told me it’s done electronically and they only care about income, and other stuff like court cases against you for money you owe etc.

    Butttttt - I assume if it’s done manually Airbnb would come up and they’d flag it
  • shirlgirl2004
    shirlgirl2004 Posts: 2,983 Forumite
    Part of the Furniture Combo Breaker
    Why would you go through it yourself if you use an external agency to do the check?

    Because it is my decision as to whether the risk is right for me. I also need to make sure it complies with the terms of my rent guarantee insurance.
  • Ok - but assuming my landlord wouldn’t see it - I know he doesn’t want to get involved and is leaving it to the agent + reference company.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 13 April 2018 at 8:33PM
    Why would you go through it yourself if you use an external agency to do the check?

    Because some external agencies simply collate all of the information that they have gathered on you and pass it onto the LL for a decision.
    Ok - but assuming my landlord wouldn't see it - I know he doesn't want to get involved and is leaving it to the agent + reference company.
    That all depends on the company, there are many different agencies and they all have different methods. Unless you name the agency and one of the members here just happens to work for them and is willing to disclose their company policy then all of us are just guessing.

    Just chill out and wait for the answer. It's pointless worrying about things in life that you have no control over.
  • Oh I see. I know in this case, they have more of an ‘opinion.’ They do flag things like court cases etc but I’m wondering if this will be flagged... or its not within the things they cover
  • shirlgirl2004
    shirlgirl2004 Posts: 2,983 Forumite
    Part of the Furniture Combo Breaker
    Ok - but assuming my landlord wouldn’t see it - I know he doesn’t want to get involved and is leaving it to the agent + reference company.
    Yes and that's what my tenants would tell you but legally I'm responsible for checking that my tenants have the right to rent so the information is automatically sent to me and I do check it.
  • I’m nervous about the answer as this means I ‘failed’ the check and won’t get my holding deposit back. Andddd they could potentially inform my current tenant, I think?
  • I mean current landlord
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.