Difficulties being eligible to rent

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Difficulties being eligible to rent

    I owned my own property, a house worth £100k or so.

    I sold it for about £75,000.

    As I wanted to further my career, I left my dead-end job in order to study. However, due to the nature of the study, I am doing it full-time at home. But because I don't attend an institution, I am not eligible for a Student Card.

    Nearly a decade ago I filed for bankruptcy as student loans and the aftermath had took its toll. Had I heard more about IVAs at the time, I might have done one of those instead, but I didn't, and so there you go.

    Other than that, there is no blemish on my credit history. I have never attempted to get credit since, and just spend on what I can afford. I use a pre-pay credit card for online purchases.

    The letting agent for my first flat after selling my house did a credit check on me, and insisted I pay 6 months in advance. I didn't have a problem with this as I have sold a property.

    I am now moving again, however, due to family reasons, after only three months. My current landlord is annoyed at this, although I can't see why, as I have paid her for six months and have only stayed three, therefore she can let the property and have double money for three months.

    For the next move, I am moving in with my girlfriend, who is on a high income. However either of us could afford this flat independently. Having said that they have done a credit check on both of us, despite me offering to pay the full six months for both of us up front.

    It's with Maras, which I've heard are a total nightmare. It is going to be really hard to get a guarantor.

    I really find it hard to understand how paying the money for the whole term UP FRONT can still be rejected. It's stupid in my opinion. I know if I was a landlord, I'd prefer someone doing that with a blemish on their credit history, than someone who didn't, paying just a month at a time.

    What are people's opinions on here?

    Thanks

    #2
    What about if you offered to pay 12 months up front? Surely they wouldn't turn that down?

    Comment


      #3
      12 months?

      Well, I'm not sure. I would think that's a little unfair though, as we may want to move after 6 months if we don't like the flat.

      Isn't it a bit unreasonable to make people in my position commit themselves for longer, when 6 months rent, entirely paid in advance, is more than reasonable?

      What I'm asking, though, is if anyone (ideally landlords on here) would turn me down based on what I've told you about my credit history (I was discharged from bankruptcy after only six months, nearly ten years ago) and my proposal (6 months rent, paid in advance via bank transfer).

      Comment


        #4
        I was hoping for more replies than this, given that this is a landlord forum.

        Can anyone else shed any light onto this? What exactly are these credit check companies looking for, and why is it such a problem if I offer to pay the money up front.

        When I had my credit check done for my current rented flat, to my astonishment my credit check came back okay. As I say, there is only the long-discharged bankruptcy on there, and no CCJs, etc.

        Maras seem so strict, I've never had so many questions. I have done some freelance cash-in-hand work, for example, yet Maras want to know the name of my auditor or accountant, etc.

        And how do these agencies respond to the landlord. Do they even give he or she a choice in who to accept, or is it the stereotyped "computer says no" response.

        Grateful for any feedback. Thanks.

        Comment


          #5
          *****bump*****

          Comment

          Latest Activity

          Collapse

          • Reply to New front door and windows
            by royw
            It would be better to get a specialist window fitter or someone recommended by the manufacturer rather than use the 'go to guy'.
            26-07-2021, 22:02 PM
          • New front door and windows
            by Steve95
            I'm looking into having a new front door, living room and first floor windows fitted to my rental property, and the letting agency "go to guy" really doesn't inspire confidence when I met him today! (On other quotes for different work) He mentioned that the glass needs to be toughened if...
            26-07-2021, 21:32 PM
          • Reply to New front door and windows
            by ash72
            Yes if the windows are below a certain height, they need to be toughened glass so that someone can't accidentally break it. If they are at standard level then no toughened glass is required. Also windows need to be a certain width in case of fire.

            FENSA is only the body that regulates the...
            26-07-2021, 21:41 PM
          • Reply to Breeding dogs without evidence
            by ash72
            As the T has stated, there isn't much more you can do, see if they leave in Oct, if not follow up with proceeding to the courts and eventually bailiffs if they have not left.
            26-07-2021, 21:35 PM
          • Breeding dogs without evidence
            by Mason1
            Our tenants have broken the tenancy agreement 9 times - painting my kitchen cupboards and chopping down trees. So it’s section 21. My issue is. We allowed 3 dogs and were told they would be housed outside and they intended to build a kennel. This hadn’t happened, instead they seem to be converting...
            26-07-2021, 18:45 PM
          • Reply to Imminent eviction
            by nreid
            Congratulations Perce. I’m so happy to hear this is over. You have been through total hell with this. I remember the support you gave me - and how upbeat and optimistic you were about it all. Yours was 16 months, mine was 21 months. I’ve left the place empty. Cannot bear dealing with it or hearing...
            26-07-2021, 18:30 PM
          • Imminent eviction
            by Perce
            Hello All

            Update : My tenant has no plans to move out before bailiffs arrive which is imminent. I have no clue what the bailiffs will do. He will start complaining that he has nowhere to go although he lives somewhere else just keeps his stuff in the property for free, he might say...
            21-07-2021, 19:10 PM
          • Reply to Rent Increase
            by octopeg
            Thanks Ash and Artful, yes the tenant has already paid the 1st month at the new rate, As you suggest Ash, I will write back to them confirming the new rate.
            26-07-2021, 17:50 PM
          • Rent Increase
            by octopeg
            Hi All, new to this site and the buy to let scene in general.
            I have a property that I let on an Assured Shorthold Tenancy. The fixed term of 1 year has just expired and I have allowed this tenancy to roll into a Periodic Tenancy, ie i have done nothing!
            Except, a few days before the end...
            26-07-2021, 08:42 AM
          Working...
          X