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Landlords and tenants - will this work?

ognum
ognum Posts: 4,879 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in House buying, renting & selling
Being launched by Rightmove in January a method where fully credit checked and referenced tenants can bid for a property. I guess like eBay for LLs!!!!!!!!


http://www.auctionlets.com/register.cfm?referID=LZ2
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Comments

  • Angelicdevil
    Angelicdevil Posts: 1,707 Forumite
    That's one way to push up rental prices :)
    I have a simple philosophy:
    Fill what's empty. Empty what's full. Scratch where it itches.
    - Alice Roosevelt Longworth
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    ognum wrote: »
    Being launched by Rightmove in January a method where fully credit checked and referenced tenants can bid for a property. http://www.auctionlets.com/register.cfm?referID=LZ2

    Will the landlord also be checked out? i.e. do they have permission from their mortgage lender to let out the property? Are they registered with the local authority as a landlord? If necessary do they have an HMO licence? Do they have current gas safety certificates etc?
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Pixie5740 wrote: »
    Will the landlord also be checked out? i.e. do they have permission from their mortgage lender to let out the property? Are they registered with the local authority as a landlord? If necessary do they have an HMO licence? Do they have current gas safety certificates etc?

    What a great idea that would be but no, I didn't read that in the advert!
  • jayss
    jayss Posts: 543 Forumite
    Part of the Furniture Combo Breaker
    As a tenant I like the idea of being reference checked in advance and being able to use that reference for any property in a given time frame.
    But would how should we pass the affordability part? I don't want anyone to know I can afford up to say 2k in rent if I'm looking for a place at 850.
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    jayss wrote: »
    As a tenant I like the idea of being reference checked in advance and being able to use that reference for any property in a given time frame.
    But would how should we pass the affordability part? I don't want anyone to know I can afford up to say 2k in rent if I'm looking for a place at 850.

    Interest, but wouldn't current letting agents who check affordability know that now?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    This company has nothing to do with Rightmove.
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    citricsquid wrote: »
    This company has nothing to do with Rightmove.

    It will start being promoted and advertised on Rightmove from the middle of January, this will undoubtedly give it exposure it does not currently have!
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    ognum wrote: »
    It will start being promoted and advertised on Rightmove from the middle of January, this will undoubtedly give it exposure it does not currently have!

    Where did you find that info?
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    citricsquid wrote: »
    Where did you find that info?[/QUOTE

    Email from Landlordzone
  • lavalamp
    lavalamp Posts: 236 Forumite
    Not sure how that would work at all. Say you have 10 people willing to pay a maximum which is the same amount a month as each other on a really popular rental - which bid do they take? Don't say the one who puts his hand up first because an auctioneer can't see everyone at once.... It could result in crazy arguments in my opinion.
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