Credit Checks

[Liz Rivers]

Hello,
Does anyone use a credit check company for new residents or financial reviews?
Susan from the Almshouse Association has very kindly provided information about the National Anti-Fraud Network but they charge £2000 a year and a small charge for each search.
Does anyone know of any companies that just charges for each search?
Many thanks.
Liz

[emmapannell]

Hi Liz
We are a member of the NRLA (National Residential Landlord’s Association) as we have also had tenancies for some of the charity’s properties. We have used their services for credit checks, and they don’t charge much (£12 for our last check in 2023). Annual membership of the NRLA is £125 and we can refer you if you wish, as this gets us a discount on renewal!

If that would work for you, let me know and I can refer you.
Emma (emma.pannell@pinnocks.org)

[Liz Rivers]

Hi Emma,
Many thanks for the really useful information. Is it possible for us to join as we only have residents who pay WMCs?
Liz almshouseadmin@christshospital.org

[emmapannell]

Hi Liz – I’ll email you the referral anyway. As far as I remember, they don’t ask about what type of landlord you are when you join. I suspect they’d be only too happy to let you join, and take advantage of their services, including the credit checking ones. But you could ask them the question and decide from there?
Emma

[Liz Rivers]

Hi Emma
I’ve just spoken to Josh from the NRLA and he said that they are happy for anyone to join if they can be of benefit to them. He gave me the prices of the credit check bundles but I forgot to ask him what is included in the credit checks. Would you mind letting me know what information they come back with?
Liz

[emmapannell]

Hi. This is from the NRLA website, about the credit checks (which are undertaken by an NRLA partner):
Instant credit checking – results available within minutes.
Check applicant’s previous address history.
Discover County Court Judgements (CCJ’s) from court records.
Detect bad credit history such as bankruptcy, IVA’s etc.
Verify electoral role registration.
Check for aliases.
Credit scoring giving the likelihood of applicant falling into arrears.
‘Pay as you go’ service – no account application or bulk buying required.

[Liz Rivers]

Hi Emma,
Many thanks for taking the time to share this information. It’s been really useful, and we will certainly use your link when our governors give us permission to join.

[Sarah Massey]

Hi

I use Open Rent referencing openrent.co.uk. Its about £20 for a full check including past landlord references and all the above, and theres no membership.

Good luck
Sarah

[Author]

Posts