Tenancy Assessment

ValueTenant provides a highly effective tenancy financial assessment service.

With ValueTenant, prospective Landlords or Tenants are able to establish a tenancy financial rating using a unique assessment index.

ValueTenant enables prospective Tenants to meet financial rating requirements through electronic means, without the need of documentary proof, which is often time-consuming and frustrates the process of quickly finding a property for rent or to share.

Registered Landlords can use ValueTenant before processing a Tenancy agreement, whereas Tenants may improve their profile by providing their finaincial assessment before making a bid for a property to let.

The assessment is carried out using standard information provided by the Tenant. Landlords use the ValueTenant report to drastically reduce their exposure to payment problems, whereas Tenants benefit from the confidence they can provide in their candidature to rent a property.

- Checks The Electoral Roll to verify the current or previous addresses if the candidate has lived at the current address for less than 3 years.

- Searches public registers to reveal any adverse information including County Court Judgments, Bankruptcies or Voluntary Arrangements. The search is carried out at the courrent address and at the previous address if the candidate has lived at the current address for less than 3 years.

- Checks the applicant's details against public records for data integrity and evidence of any undisclosed addresses and publicly available data at those addresses.

- Assesses the Tenant's ability to keep up with monthly payments by calculating rent to income ratios.

- Returns a score which can be used to measure the Tenant's likelhood of paying rent.

- Validates the Tenant's Bank Account Sort Code and Address.

- Affordable transaction.

- Helps eliminate up to 95% of letting problems, by carrying out an affordability check before a tenancy agreement is signed.

- Eliminates the need to ask intrusive questions as it uses information already provided by the Tenant.

- Registered Landlords and Tenants gain instant access as part of LetMeDo's general Terms and Conditions.

- Improves customer services by removing the need of documentary proof of income where the assessment score is above a given threshold.