A guide to Wectory’s application process

Wectory’s application process has been designed to be swift and not deplete hours of your precious time. As a matter of fact, Wectory only requires two pieces of documentation - a tenancy agreement, and proof that you have undergone checks of your tenant. These documents do not require you to seek a third party or scour your drawers for them, rather, they are documents which you should already possess as standard.

• The tenancy agreement - this is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. This piece of documentation is essentially what binds you and your tenant - giving clarity that they are currently paying you rent and residing in your hospitable property. 

• Tenant Validation - we want to ensure that the tenants have the right to rent in the UK, do not have any criminal records (DBS), have passed their credit checks, while also having given you credible references. You as a landlord should have run these checks on your tenant prior to renting out your property to the individuals in question; Wectory merely asks to see this. 

• Lastly, you will have to go through personal identification online when applying - all you need for this is a passport and driving licence by your side! We will use this as a matter to prevent fraudulent activity and to confirm that you have applied for an upfront payment which correlates with your tenancy agreement.