AI Financial Screening with Bank Statement Analysis

Why this matters

Under the Renters' Rights Act 2025, Section 21 no-fault evictions are abolished. Removing a problem tenant now requires valid grounds under Section 8, which means tribunal hearings, months of waiting, and legal costs that can reach £10,000 or more.

A traditional credit check catches CCJs and defaults, but misses the patterns that actually predict tenant problems: gambling transactions, Buy Now Pay Later debt, irregular income, and spending that leaves no margin for rent. The only real protection is thorough screening before handing over the keys. For a detailed look at how AI changes the screening process, see our guide to AI tenant screening in the UK.

What we built

AI-powered financial screening that analyses bank statements to build a complete picture of a tenant's financial reliability. The system covers six categories:

• Affordability — rent-to-income ratio based on actual take-home pay
• Income stability — consistency of income deposits over the statement period
• Debt patterns — loan repayments, BNPL, credit card payments
• Spending behaviour — gambling transactions, excessive discretionary spending
• Liquidity — average balance and buffer after rent
• Positive indicators — savings contributions, consistent surplus

Results are returned in under 2 minutes with a letter grade (A+ to F) and detailed breakdown. Landlords can unlock the full report for £9.99 per screening.

Section 21 is gone. Screening is your first line of defence. Check affordability, debt patterns and spending behaviour before you hand over the keys. Start screening →

How to use it

1. Go to Tenant Screening from the main navigation
2. Enter the tenant's name and email address
3. The tenant receives a secure link to upload their bank statements
4. LetSorted analyses the statements and generates a financial reliability score
5. Unlock the full report for £9.99 to see the detailed breakdown

Screening invites can also be sent directly from a property page when reviewing candidates. For guidance on what to look for in screening results, see our tenant screening guide.