What is Goodlord Referencing and what information will you check when referencing a tenant?
Goodlord referencing assesses your suitability for a tenancy by verifying four pieces of information:
- Credit check
- Residential status
We assess the information gathered for these four sections, then produce a report for your estate agent showing our findings and a recommendation of your suitability.
Goodlord references you at the request of your agency. Once we have completed our referencing check, your agency will let you know the outcome of the check and decide if you have been accepted for the tenancy based on the report we pass onto them.
Every applicant who has lived in the UK at some point in the past three years will have a credit check. We do this to see if you have any current or historic adverse credit.
It's important that you tell us if you have any current or historic adverse credit when you fill in your referencing form as hiding this information could affect the outcome of your reference.
Your income needs to be verified to see if you can afford the property you are looking to rent. The industry standard affordability ratio is 2.5 for tenants. This means your income must be at least 2.5 times greater than your rent.
If you are currently renting we will need a reference from your current landlord. This is to see how you have behaved as a tenant previously and gives your new landlord an indication of what type of tenant you will be.
For information on the guarantor referencing process and what information we check, please click here.