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Landlord Hub
Snail43
Posts: 1 Newbie
I am in the process of securing a new rented property and just completed the Landlord Hub referencing form (which I agree with lots of reviewers on the internet that it is very intrusive!)
One of the things I feel most uncomfortable about is that they claim to monitor tenants credit ratings and send monthly reports to the landlord. Would anyone know whether this constant monitoring would have a negative impact on my credit score in the long run?
TIA
One of the things I feel most uncomfortable about is that they claim to monitor tenants credit ratings and send monthly reports to the landlord. Would anyone know whether this constant monitoring would have a negative impact on my credit score in the long run?
TIA
0
Comments
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It has no affect at all.
They constantly check the Insolvency Register to see if you've been declared bankrupt or have entered into an IVA, DRO or any other formal debt solution.
You can't be evicted in the first 6 months and as long as you keep paying the rent then I wouldn't be worried about it at all.
If you do go bankrupt it's a good idea to let your landlord know and to reassure them that you prioritize rent above all other bills. Even the OR will always make sure a bankrupt person pays rent and bills before working out how much they can pay towards their unsecured creditors.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Hang on, their registered offices are in a council owned building...0
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