Letter Requesting a Bank Reference for a Residential Tenant’s Guarantor

Letter Requesting Reference from Guarantor’s Bank

PROP.RES.05

This Letter Requesting a Reference from the Guarantor’s Bank should be printed on the landlord's headed paper. It is addressed to the bank manager and includes a "consent" section which must be signed by the proposed guarantor.

This document is compliant with the GDPR (General Data Protection Regulation).

The letter asks the bank manager to comment on the proposed guarantor’s financial standing. The response will assist the landlord in deciding whether the proposed guarantor is acceptable.

Under the Tenant Fees Act 2019 (which affects England only, in force from 01 June 2019) landlords and/or letting agents are prohibited from charging a tenant fees for setting up a new tenancy, which includes the cost of obtaining references.  It will be the landlord’s responsibility to meet these costs.

Similar provisions are also contained within the Renting Homes (Fees etc.) (Wales) Act 2019 which is due to come into force on the 01 September 2019.

This Letter Requesting a Reference from the Guarantor’s Bank is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

 

Top