| Renter RentPassport | |||
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| Affordability Calculation = 40% of average monthly income | |||
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| Instant RentPassport | |||
| Credit History | ❖ Experian Credit Score > 561 |
❖ Experian Credit Score not found ❖ Experian Credit Score ≤ Very Poor |
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Adverse Credit Data |
❖ No adverse data | ❖ 1x satisfied CCJ with a value up to £300 | ❖ 2 or more satisfied CCJ’s of any amount ❖ Any satisfied CCJ’s over £300 ❖ Any active CCJ’s ❖ Any Declared bankruptcy or IVA |
| Income | ❖ Income verified via Open Banking Data or manual verification | ❖ No income: ◇ Unemployed ◇ Student (loans only) ❖ Self-employed with less than 6 months accounts |
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| Rental History |
❖ Rental Payments verified via Open Banking Data or manual verification ❖ No Previous Rental History ❖ Homeowner* |
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| Full RentPassport | |||
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Employment Reference |
❖ Satisfactorily received information |
❖ Employed applicant unable to provide a reference ❖ Employment type is a contract |
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| Landlord Reference | ❖ Satisfactorily received information | ❖ Unable to provide a reference ❖ Rent arrears and/or damage present BUT landlord “would rent to tenant again" |
❖ Rent arrears and/or damage present AND landlord “would NOT rent to tenant again” |
| Guarantor RentPassport |
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| Affordability Calculation = 30% of average monthly income | |||
| All referencing rules outlined above are the same for a guarantor | |||
| Home Ownership* | ❖ Guarantor is a Homeowner | ❖ Guarantor is NOT a Homeowner | |
*This is not verified
For further information on our Referencing Criteria, please click here.
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