Checking Bank Statements
The most accurate indicator of current lifestyle is asking to see a prospective tenant's last three months bank statements. You are looking to assess lifestyle patterns, debts, payment history and disposal income to cover your rent and bills.
-
When, what and how are they paid? - Consider moving your
Standing Order Date, so you are paid three days after they are paid. If they are paid weekly consider accepting the rent weekly. Check the bank statements match payslip amounts (it is very easy to obtain false payslips from various websites)
-
History of being overdrawn - Being constantly overdrawn prior to pay day should be of concern to you. A “hand to mouth” existence leaves little contingency in their lifestyle and sadly the biggest expenditure will typically be the rent. Should they lose their job then the
Local Housing Allowance is likely to be paid directly into their bank account. (Not yours)
 FREE Documents FREE Tenant Credit Checks Members Helpline Member Discounts Reliable Service Save Time & Money Tenant Eviction Help New Tenancy Help Legally Compliant
"save yourself many sleepless nights and very likely a fortune." Geraldine Murphy 
|
Instant help Starting a Tenancy
-
Every day we help Landlords & Agents Start Tenancies
-
All Documents, Letters Notices and Tenant Credit Checks are FREE to Members
-
Telephone Help lines are FREE to Members
-
We help you to be and remain compliant with legislation
|