{"id":11401,"date":"2017-05-30T14:35:59","date_gmt":"2017-05-30T14:35:59","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=11401"},"modified":"2019-06-05T18:13:27","modified_gmt":"2019-06-05T18:13:27","slug":"how-to-avoid-failing-tenant-referencing","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/how-to-avoid-failing-tenant-referencing\/","title":{"rendered":"How To Avoid Failing Tenant Referencing"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>You have found your dream <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-f79ef0c2-6e28-6380-9dbe-12a764b4a66b\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home\">home<\/span>, got the deposit money and collected your paperwork, now the only thing in between you and your new <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-77e0e72f-2995-b793-9cab-ad3ca4e983c7\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property\">property<\/span> is the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-4112565f-47ac-aa60-aebd-8eae75c8f1ed\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/leasehold_estate\">tenant<\/span> referencing process. In order to help you pass with flying colours <a href=\"https:\/\/www.thehouseshop.com\">TheHouseShop.com<\/a> have compiled a check list to make moving day arrive a bit sooner.<\/p>\n<p>To find out more on what <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-c6f5531f-07e0-3318-3414-85051a6e24bd\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/leasehold_estate\">tenant<\/span> referencing involves click <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/what-does-tenant-referencing-involve\/11376\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<h2><strong>Be upfront with your history<\/strong><\/h2>\n<p>From working as a temp, dodgy <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-243ee884-a197-8192-9309-585c7d2eaff0\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord\">landlord<\/span> reference or bad credit, there are a number of things that can hold you back when it comes to <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-028196a8-feaa-3c53-4582-57f7b820c515\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/leasehold_estate\">tenant<\/span> referencing. If you are worried at all about a skeleton in the closet then it is always best to be open about it with the referencing agency and your <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-a097ecfb-54b7-3dc0-8191-baa13717a777\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord\">landlord<\/span>.<\/p>\n<p>Depending on the circumstances they might take it into consideration and it mightn\u2019t affect your ability to move in to the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-eb2d535a-ee19-cb27-fb92-a3f075fcdd42\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property\">property<\/span>. However, if you attempt to conceal your past, the referencing agency will find out and this could <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-de24cdff-02be-ee35-a844-dc08a57b3b62\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property_damage\">damage<\/span> your chances of moving in as you would appear dishonest to your <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-97b42ae9-89af-655f-d2da-df9fe43d2e20\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord\">landlord<\/span> or <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-451e9074-af9f-05fb-9e96-8432f26fbccf\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/letting_agent\">letting agent<\/span>.<\/p>\n<h2><strong>Be organised<\/strong><\/h2>\n<p>With the stiff competition in the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-a2efd002-2d38-8ba1-3345-796ea1c2ae6a\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting\">rental<\/span> <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-241c01ea-8400-2c2e-6363-6146bd6d2846\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics\">market<\/span> there is no time for delays. <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-82775e8a-3905-6a9b-91c4-7ab96c6bf76b\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord\">Landlords<\/span> hate to waste time, especially if their <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-f969712b-30cd-f21d-94f0-e56d80c1a6b1\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property\">property<\/span> is empty, and they want to get <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-1fb3ba35-fda7-f49e-7dd3-65a2c0fd0933\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/tenant_farmer\">tenants<\/span> to move in as quickly as possible. Therefore, if you delay sending off the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-33a61f50-9e00-d6b0-d854-359bd9b55521\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/tenant_farmer\">tenant<\/span> referencing application it can slow the whole process down and may result in you losing out to a more efficient <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-5fbb323d-7e00-9fb1-d4c1-5ab683e90b2b\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/tenant_farmer\">tenant<\/span>.<\/p>\n<p>By collecting all of the documents in advance such as letters, bank statements and proof of your identity, you are in a much stronger position than someone scrambling around at the last minute.<\/p>\n<h2><strong>Forewarned is forearmed<\/strong><\/h2>\n<p>If there is a delay with your <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-c42fd21f-475e-9aab-7948-691c65445c4a\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/leasehold_estate\">tenant<\/span> reference, it could be that your previous <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-c4eb915c-032c-f273-6408-d5f754a5eab0\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord\">landlord<\/span> or your employer aren\u2019t aware that the agency is trying to reach them and without their references the process can\u2019t continue. By <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-7036dd03-691b-3eb4-4ee5-6a50af1278a5\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting\">letting<\/span> your referees know in advance, they will be expecting the agency to get in touch with them and they can prepare their references in advance to save time and send them off quickly.<\/p>\n<h2><strong>Work out your share of the rent<\/strong><\/h2>\n<p>In order to pass the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-1b09c313-2cd5-5036-54e4-9c77ee87991a\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/leasehold_estate\">tenant<\/span> referencing process, you will need to make sure that your earned income exceeds the annual rent by 2.5 times. For example, if the rent is \u00a31,000 per calendar month, you must be earning at least \u00a330,000 per year if you are planning on living in the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-7e9ebef7-850f-8d9e-34ea-84231a5288dd\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property\">property<\/span> alone.<\/p>\n<p>When it comes to sharing the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-1ca481e4-0dd2-51f0-2538-f3ac0b8c7b12\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property\">property<\/span>, split the annual rent in half and make sure that you have 2.5 times the amount in your earnings.<\/p>\n<h2><strong>Who pays for guarantor referencing?<\/strong><\/h2>\n<p>Thanks to the new <a href=\"https:\/\/www.gov.uk\/government\/collections\/tenant-fees-act\">Tenant Fees Ban<\/a>, <a href=\"https:\/\/www.thehouseshop.com\/let-for-free\" title=\"letting agents\">letting agents<\/a> and landlords can no longer charge tenants for referencing fees.<\/p>\n<p>If you&#8217;re <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\">looking for a new rental property<\/a> and you are already aware that you will need a guarantor to pass referencing checks, it&#8217;s a good idea to have your guarantor&#8217;s details ready in advance and let the <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-aed26c0e-f651-3273-b14a-671397be4f3c\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord\">landlord<\/span> or <span class=\"textannotation disambiguated wl-thing\" id=\"urn:enhancement-085f95c3-8e4d-6e9e-9f8c-5e674510d2eb\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/letting_agent\">letting agent<\/span> know that you will be submitting a guarantor as early as possible during the application process.<\/p>\n<p>To find out more about guarantors click <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/tenant-referencing-and-guarantors\/11388\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<h3>Now you know how to avoid failing, start tenant referencing today!<\/h3>\n<p><a href=\"https:\/\/www.thehouseshop.com\/tenant-referencing\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" class=\"alignnone wp-image-11584 size-full\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/05\/Start-Tenant-Referencing-Button.png\" alt=\"Start Tenant Referencing Button\" width=\"270\" height=\"50\" srcset=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/05\/Start-Tenant-Referencing-Button.png 270w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/05\/Start-Tenant-Referencing-Button-260x48.png 260w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/05\/Start-Tenant-Referencing-Button-100x19.png 100w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/05\/Start-Tenant-Referencing-Button-150x28.png 150w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/05\/Start-Tenant-Referencing-Button-200x37.png 200w\" sizes=\"(max-width: 270px) 100vw, 270px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\">Not ready to start referencing your tenants just yet? Check out our comprehensive guide:<\/h3>\n<h3 style=\"text-align: center;\"><strong><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/everything-you-need-to-know-about-tenant-referencing\/13062\">Everything You Need to Know About Tenant Referencing<\/a><\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>You have found your dream home, got the deposit money and collected your paperwork, now the only thing in between you and your new property is the tenant referencing process. In order to help you pass with flying colours TheHouseShop.com<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-to-avoid-failing-tenant-referencing\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":11403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1,582],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/05\/How-to-avoid-failing.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/how_to_avoid_failing_tenant_referencing","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/11401"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=11401"}],"version-history":[{"count":16,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/11401\/revisions"}],"predecessor-version":[{"id":20234,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/11401\/revisions\/20234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/11403"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=11401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=11401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=11401"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=11401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}