Prospective Tenant - say yes or no

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    Prospective Tenant - say yes or no

    I have found a tenant I like. It is a 48yo mother with 18yo daughter. She is a pleasant and presentable lady. Reason for moving is her landlord is selling up. I have check the property is up on zoopla.

    She has been renting a house for 10+ years and her current rent is £1200pcm. Her salary is £1400pcm (approx). So I am struggling to understand how she has been paying the rent. Would she have got help from HB?

    On my application form, she has indicated, she is not in receipt of Housing Benefit (but did tell me she has applied for it in the past... but I don't know how long ago).

    She has been allocated £14,000 by a student loan company in September 2019. They are also paying £6500 to the college. Her bank statement shows they sent her £4000. She is studying at a local college.

    Her income for this year would be £16,800 (net) salary + £14,000 student loan company = £30,800

    I don't know how long her course is or what happens in year 2. Would she be entitled to HB next year? The local LHA rate is £1050. Would she need to pay back the student loan?





    #2
    Ask her to provide a G for Fixed Term. Only give 6 month AST

    Comment


      #3
      She would have been getting child benefit and might have been getting other state support as well as CSA payments from her daughter's father.

      You haven't said what your rent is.

      Is her daughter employed?

      She will need to repay her student loan when her wages reach a certain level.

      I would be very careful about considering her as a tenant, and would agree with mariner- ask for a guarantor and only give a 6 months ast.
      It might be worth asking Universal Credit to provide proof of what HB she would get. I don't know if the still give a predetermination of rent but it's worth an ask.

      Comment


        #4
        6 months rent up front IIWY.

        Comment


          #5
          I did noticed she was getting some housing benefit. However, I imagine that would stop, as she applied for a student loan.

          I might set my rent at £1200 (although the going rate is £1300).

          Comment


            #6
            Don't even consider her.
            • She wont be getting any child benefit any more as daughter is 18 years old.
            • The student loan is not income.
            • A loan that has to be paid back is not income.
            • I borrow money from my mother occasionally ( will be paid back on sale of property ) but it's not income.
            • Only your wages are income, as that does not have to be paid back.
            • Her wages do NOT cover living expenses and rent for 2 people.
            • She can spend that £ 14,000 grant as soon as she is a tenant, on anything she wants.

            At age nearly 50, you get a full time job, -- you do not go to college for handouts.

            Right now, today, she can not afford to live in your property from her wages, even more so in 12 months time when there wont be a £14,000 grant again.

            She is NOT on any
            benefits ( as far as we know ) therefore her income does not meet your or even my requirements.

            Please don't tell me she is the only person in the world that can rent your flat, and that you are a charity that helps people that don't have enough money to exist.

            Comment


              #7
              Originally posted by Flashback1966 View Post
              I have found a tenant I like. It is a 48yo mother with 18yo daughter. She is a pleasant and presentable lady. Reason for moving is her landlord is selling up. I have check the property is up on zoopla.

              She has been renting a house for 10+ years and her current rent is £1200pcm. Her salary is £1400pcm (approx). So I am struggling to understand how she has been paying the rent. Would she have got help from HB?

              On my application form, she has indicated, she is not in receipt of Housing Benefit (but did tell me she has applied for it in the past... but I don't know how long ago).

              She has been allocated £14,000 by a student loan company in September 2019. They are also paying £6500 to the college. Her bank statement shows they sent her £4000. She is studying at a local college.

              Her income for this year would be £16,800 (net) salary + £14,000 student loan company = £30,800

              I don't know how long her course is or what happens in year 2. Would she be entitled to HB next year? The local LHA rate is £1050. Would she need to pay back the student loan?



              Is it mum or daughter who is the student?

              Salary "approx": Is that a PAYE job or self-employed only evidence of income what she said?

              I'd say no to these admirable applicants
              I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

              Comment


                #8
                It is mum who is working and has applied to go to college and apply for a student loan. Daughter is studying, but works part time (not enough income).

                I did ask mum, what happens after she finishes her two year course, she said she would do more hours.....

                Comment


                  #9
                  Originally posted by Flashback1966 View Post
                  I did ask mum, what happens after she finishes her two year course, she said she would do more hours.....
                  And when the firm says, sorry, we can't pay you overtime, and / or there is not enough work for her to do extra hours.

                  I refer you to post number 6. Please act on it.
                  Please don't tell me she is the only person in the world that can rent your house / flat, as that is what you are implying, and if that is the case, I would cease your letting business and find other investments.
                  ( Letting has less returns than other investments )

                  Comment

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