Good tenant on paper ended being bad Vs bad tenant on paper that is potentially good?

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    Good tenant on paper ended being bad Vs bad tenant on paper that is potentially good?

    I had a tenant who finally vacated due to not paying rent (COVID), luckily not much out of pocket. He flew past the referencing but apparently lost his job and stopped paying. Now the agents have found me tenants who on paper do not have good income etc but have a guarantor who is a Dr in a hospital who is on a 6 figure salary who will guarantee the rent. Without the guarantor I would not go near these prospective tenants as they do not earn enough on paper to pass the affordability (some employed (pizza chef)and some cash in hand work (electrician), but surely with a guarantor like this whose job is COVID proof (NHS) this is a no brainer, or am I missing something?

    #2
    I doubt it's COVID Proof, as he works in a hospital and more at risk of obtaining it.

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      #3
      The electrician probably has more money under the mattress than you have in the bank. The biggest advantage of doing your own viewing is you get to meet them, it's hard to know if they have integrity based on someone else's opinion.

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        #4
        All NHS staff get full pay if sickness etc or isolation due to COVID, hence I stated COVID proof.

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          #5
          Some seemingly crazy logic going on here;

          'A tenant passing referencing turned out bad so a tenant failing referencing will turn out good.'

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            #6
            Originally posted by chirpatel View Post
            a guarantor who is a Dr in a hospital who is on a 6 figure salary
            Does the Dr work for the NHS? How long for? Are they on a permanent contract? Are they a homeowner? How long for? How much equity in the property? Why are they offering to be guarantor? etc etc.

            Don't get starstruck by the 'Dr' bit.

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              #7
              Will the guarantor agreement survive beyond the fixed term/first year/first rent increase?

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                #8
                No T is covid proof, certainly not a junior Dr.

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                  #9
                  Originally posted by DPT57 View Post
                  Will the guarantor agreement survive beyond the fixed term/first year/first rent increase?
                  If not, this arrangement is no better than a 'failed the affordability checks but willing to pay 6 months rent up front' scenario ...

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                    #10
                    Originally posted by chirpatel View Post
                    All NHS staff get full pay if sickness etc or isolation due to COVID, hence I stated COVID proof.
                    Perhaps, currently (full pay for senior consultants off sick?). But bozo is likely to flog more bits of the NHS off, Americans very keen on buying. Who knows what terms
                    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...

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                      #11
                      Since when have Drs on 6 figure earnings acted at guarantors for persons with no income? Something is not right here. I'd take a good look at the doctor details and his/her NHS registration number. Sounds like foreigner a scam to me.



                      Freedom at the point of zero............

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