Most of our landlords opt to run a credit check on their prospective tenants.
Once we've got consent from the tenants, we check their credit history and flag anything that doesn't look right.
If tenants are happy for us to do so, we can also verify their income directly from their bank account using the new Open Banking standards, which takes only a few minutes.
For tenants whose salary payments can't be verified electronically, we'll take upreferences from previous landlords and their employer.
This takes longer than our electronic checks, but as long as their referees are reasonably quick off the mark, it is normally completed within 24 hours.
Portico Direct verified my tenants' income by linking to their bank. The whole process took less than an hour.
No matter how careful you are as a landlord, it is possible for tenants to fall into arrears.
We offer cost effective rent guarantee insurance that means that landlords are covered in the event of underpaid rent.
Rent guarantee insurance is only available where tenants have been referenced by us and their status has been approved.
Some of our tenants, like students, don't have an income that is sufficient to pass our normal affordability checks.
In this case, we can ask for a guarantor to provide an undertaking to cover their rent in the event that they can't keep up with the payments.
We recommend running a credit check on guarantors, to make sure they would be able to pay the rent if the tenants are no longer able to.