We are introducing a brand new tenancy assessment service which assists in the decision making process of granting a tenancy to a prospective tenant or guarantor.
It’s based on the service we have been using for several years and just like before, the information is obtained from public sources and includes:
- county court judgments
- other adverse judgments
- Electoral roll data
- undisclosed address information
- date of birth comparison
- other publicly available checks
What’s changing though is our ability to make the report instantly available (well, after a couple of minutes to do its stuff and send the email)!
What’s also new is the scoring system. We have developed our own unique scoring system using a sophisticated algorithm which aims to reflect things extracted from the data that we believe matters to a prospective landlord or agent. That being said, the report alone should never be the sole determining factor as to whether to grant a tenancy or not – everything should be considered collectively.
A further fantastic new addition is that when entering the property addresses, we have integrated the full Royal Mail postcode database and is updated daily. You simply enter the postcode of the addresses and pick the address which is then automatically inserted into the form for you. No more getting the postcode wrong!
However, before we can go live and fully automated with the system, we need to do some manual checking with live subjects. When these come through to us, we will manually process the reports just to check everything is working correctly. Only when we’re totally happy will we flip the switch and let the system have automated control!
Therefore when you initially request a check, it will be a little slow (but always same day if before 4pm) as we need to be in the office and manually process but soon it will be close to instant.
In order to get on with this live testing, we need subjects to try out. As an incentive therefore, we are reducing the cost of a check to £9.00 including VAT (normal cost £12.50). This is a limited time offer during the final testing phase and will likely increase once the system goes fully automated.
For more details and to check your prospective tenant, see the tenancy assessment page here. We would also love your feedback on anything else that could be in the report, layout, colours etc.