Credit Reports for Landlords

How to run a credit check on yourself or a potential rental tenant.

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Your credit history and score is a really important part of any finance application you make. Even if you think your score is perfect, your advisor is going to want to see and understand your report and make sure they’re supporting you in the right way.

Home Credit Reports Credit Reports For Landlords
Pete Mugleston

Author: Pete Mugleston

Mortgage Advisor, MD

Updated: January 4, 2024

Credit reports can be really useful if you’re a landlord or an aspiring landlord, not only for checking your own credit but also establishing that potential tenants are safe to let to.

In this article, you’ll learn how to run credit checks, why they are essential and more.

How to check your credit reports if you’re a landlord

You can check your credit reports for free from our credit reports hub. Here you can access free trials with two of the UK’s leading credit report providers, Checkmyfile and UKCreditRatings, gain access to your files and cancel your trial at any time.

Both of these credit report providers serve up multi-agency reports comprising data from the UK’s leading credit reference agencies, Equifax, Experian and Transunion.

UKCreditRatings is a premium option with additional features such as dark web monitoring and access to a perks portal for discounts on goods and services. You can trial both services for free with no obligation if you would like to see how they compare.

What are the benefits of this? 

Downloading your credit files is particularly useful if you need to apply for a buy-to-let mortgage to support your property investment business. Here are the main benefits:

  • Identify credit issues that could impact your mortgage eligibility
  • Assess how property investment has affected your credit rating
  • Check if you have been a victim of fraud
  • Optimise your files to improve your creditworthiness

How to run a credit check on a tenant

One option is to ask the tenant to activate a free trial on Checkmyfile or UKCreditRatings and access their credit reports themselves. They can download their reports from one of these services and send them directly to you for review and cancel the trial at any time. 

You can also perform a credit check on the tenant’s behalf but must obtain their written consent. The written statement they provide must include their signature.

They will need to provide you with the following information:

  • Full name 
  • Date of birth
  • Address history (last 2-3 previous addresses recommended)

With this information to hand, you can access information about your tenant through the credit reference agencies, although some insist that the tenant does this themselves.

Download your credit reports today

Whether you want to order a credit check on yourself or a potential tenant, head to our credit reports hub to access free trials with our affiliate partners. This will allow you to access multi-agency reports comprising data from the main credit reference agencies.

You are welcome to try out both services to see how they compare and can cancel your trials at any time.

UK Credit Ratings

UK Credit Ratings

Free for 24 days then £24.95 per calendar month - includes extra features, such as dark web monitoring, and the option to cancel anytime.

Get Your Free Credit Report
Check My File

Check My File

Free for 30 days then £14.99 per calendar month - cancel anytime.

Get Your Free Credit Report

FAQs

First and foremost, instances of bad credit as this can be a red flag around their financial stability. This includes issues such as missed payments, rental arrears, CCJs, IVAs or defaults. Some landlords choose to speak to the tenant to establish the circumstances surrounding these issues before making a decision on whether to let to the tenant.

You should also take into account their right to rent, employment status, rental history, and references and offset this against the information on their credit files.

Yes. It is important that they do this as you will need to know that they are financially stable enough to support the tenant in the event that they are unable to pay their rent, or provide you with compensation in the event of them causing unlawful damage to the property.

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