Private landlord -Credit and Right to rent check

DaftyDuck wrote: »

Rent should be paid in advance - the problem comes when rent isn't paid as it should be. If the rent is paid (all other things being vaguely equal), and the house supplied and maintained (again, vaguely , there's no problem.

I'd certainly expect/support some form of mutual landlord/tenant credit reporting; where tenant is asked to show his, so should ll be willing.

A good clean credit report is, of course, just historic, and shows no real clue as to future reliability. I'm sure there are many with poor credit history who'd pay the rent come what may, whilst many with perfect scoring will not.

Frankly, credit ratings don't matter at all to me; most of my tenants are just starting out, and few have any credit history at all. I'd much rather know my tenants, let them judge me as much as I'd pigeonhole them...

Problem is, those with the least good records also have little choice - and far less money to fall back on!

Just to let you know I have dealt with someone who had total earnings of over £1 million in 2014/15 but could not get a mortgage due to previous debts and bad credit rating - more than paid off (he moved and forgot to change address). All paid off and sorted. He more than afforded his very expensive penthouse! Therefore not everyone with a bad credit rating is cash or asset poor. Also, as a renter, doesn't mean you don't have any assets. What about people who have to move for work before selling old property? Or who are also landlords but cannot live for whatever reason in their home so rent where they need to be based? Hundreds of examples of this. Second homes etc too.

You are all also missing the point surely? You are worried about tenants paying the rent and ruining your house as this is your investment. Fine. Do checks. Buy insurance to cover yourself. Don't treat the tenant like they have the jump through hoops so you can judge them and decide to rent to them. This is a business deal and therefore you try to reduce risk with the above steps. However, as with any investment there is still a risk - which you understand is part and parcel of owning a rental property or any investment.

OP - do whatever you want to do. However, honestly - if my brothers or friends said they had to provide a credit report or for you to be able to log in as them on their report I would tell them to run a mile as it looks dodgy. If you do not trust your tenant after the standard tests then they are not the rights ones for you as I feel it is completely unnecessary.

FBaby wrote: »

Since when do customers decide on behalf of businesses what level of risk they should or shouldn't be taking?

You're wasting your time discussing and expecting genuine replies, unfortunately...

Try the Tenant Verify site - they do a comprehensive check for about £30 - don't forget to give the tenant a copy of the EPC and How to Rent Booklet as well