A range of tenant assessment solutions for every scenario
you may face
Standard tenant assessment
Comprehensive tenant assessment
Company assessment
Comparison of standard vs comprehensive
Guarantors and joint tenants
Letsure offers three types of tenant assessment products:
You can also assess joint tenants and guarantors using our service.
Standard tenant
assessment
Letsure Standard Assessment provides simple to understand reports and are for applicants
where employers and previous landlords references are not required. Standard Assessments
are returned to you online immediately, followed by an e-mail or faxed report.
- 24-hour easy online access
- One simple online form to fill in, we do the rest
- Predictive credit score indicates tenants financial stability
- Sophisticated system to detect any fraud
- Uncovers adverse, undisclosed and withheld information
The standard tenant assessment check does all of the following:
- Electoral roll check at the applicant's current and previous addresses
- An additional check to ascertain that the applicant is residing at the address
stated
- A risk score of 0-99, predicting the applicant's likelihood to pay
- A Public Information check to ascertain whether the applicant has CCJs, bankruptcy
orders or voluntary arrangements
- A check to see if the applicant has any undisclosed addresses
- An alias check to see if the applicant uses other identities
- Date of birth validation
- Rent affordability recommendation
» See an example of a standard tenant assessment report
Comprehensive tenant assessment
Comprehensive Assessment gives a conclusive summary of a tenant's ability to
pay and prior history upon receipt of the Employment reference and the managing
agent/landlords reference.
Financial information is returned online immediately. If a reply to the employer's/landlord's
reference request has not been returned , a courtesy call will be made within two
working hours to confirm they are in receipt of our request. Once the applicant
has successfully passed the referencing process, a suite of rent protection policies
is also available.
» See an example of a comprehensive tenant assessment report
Company assessment
Assessments can be undertaken for Private Limited, Limited and non-Limited businesses
by fax. Assessment reports will be returned by fax within five working days.
The report provides a credit rating which is based upon the perceived ability of
the firm to be able to meet its current obligations and the future rental obligation.
Company assessments are only available via fax.
- Value for money
- Professional expertise and impartial advice
- Customer Helpline
- Referencing service complements Letsure insurance solutions
To obtain a company assessment simply download and complete the Company Assessment application form and fax it to 0871 750 1911.
Please note you must already be registered with Letsure before sending the
application. If you are not registered but wish to, please register here.
Comparison of standard vs comprehensive
Apart from the obvious difference which is cost, what are the benefits of choosing
a comprehensive tenant assessment. The table below shows the differences between
the two products.
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Standard
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Comprehensive
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Complete online
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Predictive credit score
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Employer's Reference
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Previous Landlord Reference
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Unfortunately, although a standard check may show that a tenant is credit worthy,
they may well be unsuitable for other reasons. For example, the tenant left their
previous property in very poor condition and did not compensate the previous landlord.
Or the tenant has said they earn £30,000 a year but on checking with their employer,
we discover that they only earn £15,000.
These are from real examples, so the only way to be as sure as possible is to have
a comprehensive tenant reference carried out – making it worth the extra few pounds
because a poor tenant could cost you thousands.
Guarantor's and joint tenants
You are also able to reference joint tenants, although you should be aware that
each joint tenant will require a separate application.
Where a guarantor is required (see list below), you are able to do a combined assessment
of both the tenant and guarantor.
A guarantor is necessary when:
- the applicant has a Decline risk score
- the applicant has been declined on affordability
- the applicant is unemployed or is in casual employment
- the applicant's employment contract will be due to expire before the proposed lease
term
- the applicant is unemployed
- the applicant is on Housing Benefit
- the applicant is a student
- the applicant has just come from overseas and employment is overseas
- the accountant hasn't been acting for one year or if they are unable to confirm
details i.e. they haven't completed any accounts that are up to date
- the applicant owns his own business or has just started a new business and doesn't
have an accountant or tax assessment forms
- the applicant hasn't been in employment for six months or the employer won't confirm
the applicant's salary details
- your applicant is coming from overseas and their employment reference has confirmed
that they have not been employed for over 12 months.
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