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What with housing legislation changing on an almost hourly basis - e.g. Right to Rent Immigration Checks, Lettings fees set to be banned in England and Wales, Section 24, etc - calls have been made for a new way of producing references for tenants, which could also benefit landlords and letting agents.
So the TR Group took this into consideration and have now launched The Referencing Passport for Tenants.
This proactive 'referencing passport' saves tenants money as it can be validated by any UK landlord or letting agent directly through TenantReferencingUK. Another important benefit is that if a reference is already in place, then the letting process is much quicker than it would otherwise be.
Valid for 90 days from date of issue (subject to no changes in circumstance), tenants or guarantors can pre-reference themselves for the purposes of creating a tenant passport to show any potential landlord and/or letting agent that they are:
Whilst County Court Judgements are issued to tenants for rent arrears, the process can be a timely and costly exercise for landlords to pursue.
Some tenants know how difficult it can be for landlords to pursue them for the money owed - a situation that can be taken advantage of by rogue tenants and something that ultimately gives good tenants a bad name. Which is why landlords often insist on deposits that are six to eight weeks’ worth of rental income.
However, landlords can now have complete peace of mind as our unique 'Tenant Histories' can indicate whether a tenant has a flawless record where rents have been paid in full and/or if they've incurred any property damages. Which then gives landlords the option of choosing a different tenant instead.
In this way, it works like a credit score for the private rental market.
Tenants = £60 for each tenant on the tenancy agreement.
TR Group referencing includes: sending out electronic application forms, affordability calculation, full financial report, tenant history report, employers reference, previous landlord reference, financial payment clarification, ID verification, right to rent certification.
Guarantors = £60 for each guarantor.
TR Group referencing includes: The guarantor referencing includes sending out electronic application forms, affordability calculation, full financial report, tenant history report, employers reference (Non-home owner), financial payment clarification, ID verification.
Landlords who use the TR 'Referencing Passport' system can access an effective 12 months Rent Guarantee Insurance policy at a reduced rate of £80 (inc. IPT).
The RentSafeUK RGI policy provides unparalleled protection against:
The TR Group Referencing Passport is easy to use, prevents landlords/agents overcharging tenants and is fully transparent; the way forward for the UK's private rented sector.
Landlords & Letting Agents: Please get in touch and we'll send you the new 'Referencing Passport' leaflets that you can give out to your applicant tenants. OR click here and download the online version to print off at home.
Hi, I have used this twice this week and have taken two fantastic tenants for two flats both of whom have qualified for RGI - so easy and such a tremendous product - you have to be a fool not to use it. Thanks guys.
Your referencing is alot more fluid than any other company I've used. Take the 'advanced referencing' from AdvancedRent.co.uk for example. Their name is an utter joke to start with - 'advanced referencing' my a*** ! All it is is a well presented basic credit check.
I can't wait to receive my Referencing Passport leaflets, it's going to make everything so much easier!
I'm so glad my applicant told me about this, it's brilliant!
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