Tenants - Dynamic Referencing

Why am I being referenced?

Renting a property is a serious financial arrangement, by letting their property to you, the landlord is taking a risk. To minimise that risk, responsible landlords choose to complete detailed checks on potential tenants, the reference will include a check on your identity, your credit history, and your ability to afford rental payments.

What happens next?

You may by now have received a link asking you to start the referencing process, if not don’t worry you should receive a link soon. Simply follow the link, choose a password and enter into your profile area. You will first need to click the orange box marked ‘activate IDU report’, complete the details carefully and then submit. You may add details in your profile to use at a later date. Your agent/landlord will indicate if you need to complete other sections. We will complete our process and generate a detailed report for your landlord/letting agent to review.

Are you protected? Have you considered the risks of renting without the correct insurances in place?

Whilst in rented accommodation your landlord will be responsible for the structure of the building. You as the tenant will be responsible for your own contents and any damage you cause to the landlords items whether intentional or not. It is important to consider the benefits of taking out a Tenants contents insurance policy that includes tenant liability insurance, if you wish to receive a quote for these products just call our team on 020 3823 9350

In addition, ensuring you have reviewed the following insurances may help you pay the rent at your property should you find your self in a time of need; Income Protection Insurance, Critical Illness Insurance, Life Insurance, again our team will be on hand to help provide you with any quotes you may need for these products

Improve your credit score with MyCreditBooster

If you pay rent responsibly, then you should consider signing up to Rent Reporting and take advantage of our links with Experian and Equifax, the two main credit agencies that determine your ‘creditworthiness’ to lenders. Mortgage repayments have always counted towards credit history and now this is available to people who pay rent. We all benefit from having a good credit history and a monthly boost just for paying your rent is available via Rent Reporting.

When you register and login with us you will find a simple ‘MyCreditBooster’ sign-up procedure that allows your direct debit rental payments to be picked up via a safe digital link to TrueLayer who help us send this information to Experian and Equifax.

We use TrueLayer’s open source banking system to report all your rental payments showing on your bank account to both Experian and Equifax, who will add each rent payment to your credit file. All lenders use this data when they assess your credit rating and decide on things like loans, mortgages, car and other credit purchases.

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