Is Your Margate Tenant A Fraud?
29/03/2023 2075

There are a number of things you can do as a Margate landlord if you are doing your own referencing or outsourcing it to a referencing firm.

One effective way to reduce the risk of fraud is to use referencing firms that utilise ‘open banking’ to complete their tenant referencing income checks. This provides a faster and more secure way to verify applicants' income and recurring rental payments and allows for a clearer and more realistic picture of their financial profile to be assessed 

Another is to qualify to tenants with questions like what their job is and what they earn. Does that match? Are the tenants rushing you with the reference checks or dragging their feet? These are all signs something could be amiss.

Next is to check the ID of applicants. With so many fake passports and driving licences, new technology with facial recognition is used by many providers to match photos to ID documents.

If something doesn’t feel right – contact the referencing firm.

As a letting agent, I like to take all this burden and worry away from my landlords.

If you are concerned in any way, I would like to offer my advice and support to Margate landlords in this regard.

I am here to help, irrespective of whether you are a client or not.

Call Kelly or Damien on 01843 234771 for a no-obligation chat.


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