Referencing Rules

REFERENCING RULES
Affordability Calculation = 40% of average monthly income

ACCEPT

Instant Passport:
Credit History
❖ Experian Credit Score ≥ 561 
❖ No adverse data 

Income
❖ Income verified via Open Banking Data or manual verification (as detailed below)

Rental History
❖ Rental Payments verified via Open Banking Data or manual verification (as detailed below)

Full Passport:
Employment Reference
❖ Satisfactorily received information

Landlord Reference
❖ Satisfactorily received information

CONSIDER

Instant Passport:
Credit History
❖ Experian Credit Score not found
❖ Not Lived in the UK
❖ 1x satisfied CCJ with a value up to £300

Income
❖ No income:
            ◇ Unemployed
             ◇ Student (loans only)
❖ Self-employed with less than 6 months accounts
❖ Unsatisfactory information provided

Rental History
❖ Unsatisfactory information provided
❖ Not rented in the UK in the previous 12 months

Full Passport:
Employment Reference
❖ Unable to provide a reference
❖ Unsatisfactory information provided

Landlord Reference
❖ Unable to provide a reference
❖ Unsatisfactory information provided

HIGH RISK

Instant Passport:
Credit History
❖ Experian Credit Score < 561 
❖ 2 or more satisfied CCJ’s of any amount
❖ Any satisfied CCJ’s over £300
❖ Any active CCJ’s
❖ Any Declared bankruptcy or IVA 

Full Passport:
Employment Reference
❖ Negative reference received

Landlord Reference
❖ Negative reference received

For further information on our Referencing Criteria, please click here.