A tenant who has successfully passed referencing conducted by a third-party referencing company through their letting agent or landlord is eligible to use Reposit for their tenancy.
The referencing checks must at a minimum cover the following:
Credit history check: Includes but is not limited to evidence of adverse credit histories such as CCJs, IVAs or bankruptcy.
Identity verification: A valid form of identification, such as a passport or driver's licence associated with the tenant to confirm their identity.
Affordability check: To show the tenant’s salary is not less than 30x the monthly rent.
If a tenant fails the required references as listed above, they may still use Reposit using one of two options:
The tenant may use a UK-based guarantor who meets all the above criteria.
The tenant can pay six months of rent in advance.