We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
£100 Credit Check!!!
poppasmurf_bewdley
Posts: 5,942 Forumite
My son is coming out of the British Army soon, and he and his partner have been looking to rent a flat or house in this area.
They have been to view a property today. Rent is £475pm with a £500 deposit, both of which they were prepared for. However, they were also told by the Estate Agent that they want £100 each for a credit check.
When they told me, I exploded and said the Estate Agents were thieving bas**rds as it costs about a fiver to have this done. I know they have the money to pay but it really annoys me that my lad has just come back from Afghanistan and these creeps are trying to screw money out of him that he risked his life to earn while they sit in their warm little offices.
Is this normal? It's not something I've come across before. I said they should tell them to stuff the place and tell the Landlord he's lost a tenant because of the Agent's greed.
They have been to view a property today. Rent is £475pm with a £500 deposit, both of which they were prepared for. However, they were also told by the Estate Agent that they want £100 each for a credit check.
When they told me, I exploded and said the Estate Agents were thieving bas**rds as it costs about a fiver to have this done. I know they have the money to pay but it really annoys me that my lad has just come back from Afghanistan and these creeps are trying to screw money out of him that he risked his life to earn while they sit in their warm little offices.
Is this normal? It's not something I've come across before. I said they should tell them to stuff the place and tell the Landlord he's lost a tenant because of the Agent's greed.
"There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
0
Comments
-
Tenant vetting costs between £15 and £50 when done by specialist companies, depending on the type of vetting (if taking up references etc it is the top end, if just a credit search, the bottom end).
eg ParagonAdvance
But leting agencies have overheads so add on their own fee to cover their admin etc, as well as profit (yes, they are a business).
So £100 is not unusual. Some charge considerably more!0 -
The company you highlighted charge £8 plus VAT for a credit check."There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0
-
Yep, unfortunately it is completely normal. I've been with the same agents for nearly five years (never had any arrears or late rent payments) and they still insisted on credit checking myself and partner for the new property that we are moving into at the end of the month.
Oh, but they did us a "favour" by reducing the cost to £100 from £180 for the both of us. :rotfl:0 -
Sadly this is part of the circus of renting property.
Landlords place their properties with estate agents which is largely an unregulated industry with a view to them finding them tenants
They then get to lump on a few fees to justify the little bit of work they do.
It no accident many people view Estate Agents with the same reverence as the contents of their toilet bowl!!0 -
Or £60 + VAT for full tenant referencing ...poppasmurf_bewdley wrote: »The company you highlighted charge £8 plus VAT for a credit check.
As I said it depends what type of tenant referencing is undertaken as well as which company is used, so my original figures where rough guides only.0 -
I'm no fan of letting agents either, but in their defence, it may well be that the new landlord insists on an up to date credit check/references before he'll allow his agent to grant the tenancy - I know I would.Yep, unfortunately it is completely normal. I've been with the same agents for nearly five years (never had any arrears or late rent payments) and they still insisted on credit checking myself and partner for the new property that we are moving into at the end of the month.
Oh, but they did us a "favour" by reducing the cost to £100 from £180 for the both of us. :rotfl:0 -
I completely agree. I don't mind the referencing at all, it's just the cost!0
-
You are right, you don't have the right to walk into Tesco and call them thieving b**tards. Waste of breath anyway. What you do is you nick them from Tescos and put them on the shelves in the £1 shop. Nothing about thieving b**tards that a bit of redistribution won't cure.business_man wrote: ».... Lets say a bottle of wine at Tesco is £9.99 and at the same time ASDA is doing the same bottle at half price, you don't have any right to walk into TESCO and call them "thieving bast**ds". You see what you like, you buy. You don't like, you go elsewhere, its as simple as that.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Or buy them half price from ASDA and take them back to Tesco for a (full price) refund....DVardysShadow wrote: »You are right, you don't have the right to walk into Tesco and call them thieving b**tards. Waste of breath anyway. What you do is you nick them from Tescos and put them on the shelves in the £1 shop. Nothing about thieving b**tards that a bit of redistribution won't cure.0 -
It would be wise for all LLs to vet there agent before giving them there business!
I do this, as said above, I don't want excessive changes putting any of my future tenants off.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards