A: Although we leave private tenant referencing to you and/or your agent, they have to pass our minimum referencing criteria to be eligible for flatfair membership. 

These are as follows:

  • The tenant holds the right to rent in the UK
  • The tenant has annual earnings that amount to no less than 30 x their share of the monthly rent amount at the accommodation (e.g. if their monthly rent amount is £800, their annual earnings must be no less than £24,000)
  • Has good credit (e.g. no CCJ's, bankruptcies or IVA's)
  • Can provide a previous landlord's reference stating that they paid their rent on time (if applicable)
  • Passes agency referencing criteria (if applicable)

OR 

If they don't fulfil the above criteria, and only if indicated by yourself or your agent as sufficient qualification, they may:

  • pre-pay the first 3 months’ rent of the rental period on or before the commencement date and thereafter pre-pay rent on a 3-monthly basis
  • produce a guarantor with an annual salary of at least 32 x their share of the total rent amount at the accommodation or
  • produce a guarantor provided by a company who has been incorporated for a minimum of 3 years and meet the affordability criteria against the tenant guarantor’s credit limit

-----------------------------------------------------------------------------------------------------------------------------

The above is applicable for private tenants only. To check the flatfair referencing criteria for company lets, please click at the link below:

Did this answer your question?