Rent WarrantyRentchecks believes in its quality tenant referencing process & offers all landlords & agents a rent warranty scheme that pays rent in the event of a tenant defaulting. This scheme comes with zero excess & pays rent after only 14 days arrears! Simply check your applicant's eligibility for free or cover yourself against missed payments for just £10 per month.
If you are a landlord with an existing or prospective tenant you can apply for our Rent Warranty which pays your rent in the event of your tenant defaulting. Provided your tenant passes our Advanced, Guarantor, Premier or International application process then they are automatically eligible.
To pass the above application, they must meet the following criteria:
Clear 6 year credit history search or a guarantor who is a UK homeowner
No current arrears
A protected income (full employment or government 80% income guarantee)
ID & Right To Rent (UK)
What is covered?
Our Rent Warranty covers the entire rental income in the event of your tenant defaulting. We will pay the rent each month until such time as the property is re-let or until the end of the Warranty term (max 12 months). Unlike insurance based products and rent guarantee schemes you will not be subject to an excess period so you can be assured that your full rent is covered from day one!
Is this rent guarantee insurance?
No. We simply believe in & therefore stand by the quality of our referencing process. Any rent payments made to customers comes from us which means that much of the red tape & claims procedures normally associated with rent guarantee products is eliminated.
If you would like to take out insurance, our Advanced, Premier, Priority, Guarantor & International reference reports are accepted by several insurance companies. Please ask customer services for details.
How much does it cost?
Our Rent Warranty costs just £10 per month (plus VAT) for monthly rent that does not exceed £1200. To cover rent between £1201 & £2000 costs £22 per month.
Purchase WarrantyA Rent Warranty costs just £10 per month (plus VAT) for monthly rent that does not exceed £1200. To cover rent between £1201 & £2000 costs £22 per month.
Provided your applicant is considered 'Low Risk' we will issue the Warranty on the same day. If you have not yet referenced your prospective tenant you can purchase our Premier Report which includes discounted referencing & Warranty protection.
The Rentchecks International credit & reference check report is a fully investigative solution for landlords & agents who need to verify the authenticity & suitability of prospective tenants who have resided outside of the UK.
Rentchecks is one of the only UK intelligence providers to share data with overseas credit & data bureaus for the purpose of International risk management. Our network of global partners enable us to verify the authenticity, identity & financial standing of your applicant regardless of which geographical region they originate from or now reside.
The International report takes approximately 4 working days to process and includes full referencing & all of the features set out below.
- 6 year overseas data bureau credit history search (Identifies debts, bankruptcies, & payment history).
- Overseas identification validation.
- Right to reside/work within the UK (RESIDE & EMPLOY+).
- Income validation & employment reference.
- Previous landlord reference.
- Guarantor credit & suitability check to assess the proposed Guarantor's ability to meet the rental payments of the proposed agreement.
- DOCSCAN Passport & document authenticity.
- Reliable Acceptability score (Proven scoring system designed to assess the applicant's overall suitability).
- Identification validation
- Rent Warranty Eligibility (low risk decisions)