Is UKtenantdata legit?
YOUR DATA TRANSACTIONS ARE SAFE! Every interaction you have with UKtenantdata uses bank-level security and encryption. Sensitive data is safe with us.
What checks are done on a guarantor?
Lenders run a series of checks before approving a guarantor loan to assess whether the borrower or guarantor will be able to repay the loan. Credit checks review your credit history and reveal your credit score, giving the lender insight on how well you’ve repaid other types of credit and loans in the past.
How long does UK tenant data take?
How long does tenant referencing take? Generally, tenant referencing should take no longer than 48 hours. Again, this depends on exactly how many checks the landlord/estate agency is doing. However, the property rental market in the UK is notoriously fast-paced, so a fast turnaround time is the usual outcome.
What is the Reposit scheme?
Bringing you the best deposit alternative on the market. With Reposit, landlords are protected for 8 week’s worth of rent. 60% more than a cash deposit and the most cover offered by any deposit alternative on the market. Absolutely free.
What do UK tenant data do?
As part of the tenant application process our software will capture all the documents which relate to your applicants “Right to Rent” status. Using our app, your mobile device or tablet can scan and validate worldwide passports, visas, biometric residency cards and more.
What is a tenancy deposit certificate?
All deposits taken for Assured Shorthold Tenancies must be covered by a tenancy deposit protection scheme. This certificate informs you that your Agent or landlord has registered your tenancy deposit with TDS.
Can a guarantor be retired?
Yes, a Guarantor can be retired. However, your guarantor must meet our current age criteria and be able to demonstrate they can afford the loan repayments by proving their income such as from state pension, benefits and top-ups.
How easy is it to get a guarantor mortgage?
Guarantors do have their credit checked, and most lenders will want to see a strong credit score, as they’ll be the ones responsible for making the repayments if the borrower can’t. If the guarantor’s credit score is strong, there’s more of a chance that the mortgage will be approved.
How do you fail a tenant reference check?
This includes:
- Banking – Negative feedback usually means someone has been moving bank accounts too often which can be a sign of poor money management or credit problems.
- Affordability – If the tenant’s income is less than two and half times the rental amount they will usually fail referencing.
How do you pass a tenant reference?
Tenant Referencing: 7 Tips That Will Help You Pass Quickly
- Be upfront.
- Get your paperwork together.
- Inform referees.
- Answer all correspondence as soon as you can.
- Work out who will pay what.
- Secure a guarantor before starting the tenant referencing process.
- Lastly, have your finances in order.
Is Reposit better than deposit?
More coverage than a cash deposit The Tenant Fees Act 2019 introduced a five weeks’ cap on security deposits. With Reposit, landlords receive 8 weeks’ worth of guaranteed cover, which offers the same type of property protection as a deposit.
Is Reposit refundable?
The Reposit service charge is non-refundable and cannot be offset at end of tenancy.
Where is UK tenant data based in Preston?
DH and I are in the process of renting a new home. Our agent has outsourced their referencing to UK Tenant Data, a company based in Preston. I was just wondering if anyone else has had dealings with them and if so, what their experiences were?
Where is uktenantdata located in the UK?
UKtenantdata has established itself as the leader in the tenant credit reporting and tenant profiling industry. Our operations and processing centre is based in Preston Lancashire, where we service Letting Agents throughout the United Kingdom.
Are there any issues with UK tenant data?
After the issues we had with UK Tenant Data I wish I had done my homework on these guys first, it’s clear there are so many people unhappy with their service, plus the reputation of their owner, and as other people have said their credibility as a company.
How does uktenantdata work to transfer utilities?
UKtenantdata will allow your team to transfer utilities at the click of a button. And guess what you will earn commission too! Our Rent Protection products will keep you on rent should the worst happen.