Product Requirements

There is no requirement for a Tenant Reference as long as both of the below have been met:

1. The Tenancy Agreement has been in place for more than 12 months at the start of the Period of Insurance
2. There has been no history of arrears, which would include payments made 1 or more calendar days later than the rent due date as set out in the Tenancy Agreement.

The Tenant Reference requires:

1. A credit check against the Tenant and any Guarantor obtained from a licensed credit referencing company showing no County Court Judgments in the past three years and no outstanding County Court Judgments; and
2. Written references from a previous managing agent or landlord; and
3. A written employers’ reference on company letter headed paper confirming their permanent and current employment and that their salary is at least a multiple of 2.5 of the Tenant’s Rent.

If all of the above are not available or in the case of student tenants or tenants receiving any income or housing related government benefit, a full Tenant Reference showing a Pass on the Tenant and Guarantor must be obtained from Our approved Tenant Referencing Company. Details of these companies are available by referring to the Arc Legal website: https://claims.arclegal.co.uk/info/approved-tenant-referencing-providers In the case of a Company Residential Tenancy Agreement a company reference must be carried out and graded as a Pass.