If a tenant has passed the following referencing checks with their letting agent or landlord through a 3rd party provider they are eligible to use Reposit.
At a minimum referencing checks must 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
Provide 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 to be 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.