East Midlands · district

Tenant referencing in Charnwood

For landlords and letting agents letting in Charnwood and Loughborough: one link per applicant, thorough checks, and a report that explains its outcome. £14.99 per applicant.

Start referencingSee a sample report

The local market

Renting in Charnwood

Average private rent£957£957 a month (ONS, June 2026), up 3.8% on a year earlier Source
Renting privately17.4%17.4% of households rent privately (Census 2021) Source
Average house price£279,000£279,000 (UK HPI, May 2026), up 5.1% on a year earlier Source
Council tax, Band D£2,406£2,406 average Band D (2026/27), including Leicestershire County Council, police, fire, parish precepts and the Loughborough special rate Source

Loughborough, home to Loughborough University, has a large student rental market, with many Victorian terraces near the campus let as shared houses and a growing number of purpose-built student blocks. South of the borough, Birstall, Thurmaston and Syston are suburbs of Leicester with inter-war and post-war family homes. Shepshed and the villages around Charnwood Forest mix older stone and brick cottages with large new-build estates.

Affordability

The income a tenant needs in Charnwood

We check that a tenant’s yearly income is at least 30 times their monthly share of the rent, and that a guarantor earns at least 3 times the yearly rent they guarantee, with enough disposable income left each month to pay it. At Charnwood’s average rent:

Income comes from the most reliable source: the salary the employer confirms, then payslips, then what was declared, checked against three months of bank statements.

Monthly rentTenant needs a yearGuarantor needs a year
Average home, one tenant£957£28,710£34,452
Shared by two£479 each£14,355 each£17,226
Shared by three£319 each£9,570 each£11,484
Before you let

Landlord licensing in Charnwood

Selective licensing: Selective licensing in Loughborough, covering roads in the former Loughborough Hastings and Loughborough Lemyngton wards (the boundaries as they were before the May 2023 ward changes).

HMOs: Borough-wide additional HMO licensing for HMOs of three or four unrelated people (and some converted buildings) not needing a mandatory licence, from 1 April 2023 to 31 March 2028.

As checked in October 2026. The council’s page Schemes change: confirm with Charnwood Borough Council before letting. Private renting at the council.

How it works

Referencing a tenant in Charnwood

  1. Add the tenancyThe property, the rent, the move-in date and the applicant. Their link is emailed at once.
  2. They apply on their phoneFive years of addresses, work, 3 months of bank statements, payslips and ID, in about 10 minutes.
  3. We contact the refereesTheir employer, current and previous landlord, by email, automatically.
  4. You get the reportEvery check, the income from every source, and how we reached the outcome.

For landlordsFor letting agents

Neighbourhoods

Where people rent in Charnwood

Loughborough town centre

LE11

Victorian terraces, flats over shops and purpose-built student blocks.

Storer and Ashby roads area

LE11

Dense Victorian terraced streets near Loughborough University, many let as student houses.

Shepshed

LE12

A small town with older terraces and cottages and large modern estates.

Syston

LE7

A commuter town with Victorian terraces, inter-war semis and new estates.

Birstall

LE4

Mainly inter-war and post-war suburban houses on the edge of Leicester.

Thurmaston

LE4

Post-war semis and terraces with newer estates by the A46.

Quorn

LE12

A village of period cottages and later houses near Charnwood Forest.

Anstey

LE7

A large village with older terraces and post-war and modern estates.

Postcode districts: LE11, LE12, LE4, LE7

Questions

Tenant referencing in Charnwood: questions

How much does tenant referencing cost in Charnwood?

£14.99 per applicant with Rentwick, the same for tenants and guarantors, paid by the landlord or agent. Tenants in England can’t be charged for referencing.

What income do tenants need to rent in Charnwood?

At Charnwood’s average private rent of £957 a month (ONS), a tenant renting alone would need about £28,710 a year (30 times the monthly rent). Sharers each need 30 times their own share. A guarantor would need about £34,452 a year (3 times the yearly rent) and enough disposable income to cover it.

Do landlords need a licence to let in Charnwood?

Selective licensing in Loughborough, covering roads in the former Loughborough Hastings and Loughborough Lemyngton wards (the boundaries as they were before the May 2023 ward changes). Borough-wide additional HMO licensing for HMOs of three or four unrelated people (and some converted buildings) not needing a mandatory licence, from 1 April 2023 to 31 March 2028. (as checked in October 2026; confirm with Charnwood Borough Council before letting).

How long does a tenant reference take in Charnwood?

The applicant applies on their phone in about 10 minutes. We email their employer and landlords straight away, so most references are back within a few working days, depending on how quickly the referees reply.

What does the reference check?

Three months of bank statements, payslips, income from every source, the employer, current and previous landlords, five years of addresses and a credit check, with AI comparing every document with the application.

For tenants: Tenants with disrepair, damp or safety problems in a privately rented home can contact Charnwood Borough Council's private sector housing team.