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Should i use online estate agent to complete checks on tenants ....high prices i fee

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  • thenap80
    thenap80 Posts: 437 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Are there any companies who will do credit check and also insurance for rent guarantee????
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    thenap80 wrote: »
    Why not touch it. It seems to cover everything

    Have you actually read the model tenancy agreement and accompanying guidance notes?
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    thenap80 wrote: »
    Are there any companies who will do credit check and also insurance for rent guarantee????

    Yes there are, just use Google (or a search engine of your choice).

    Do yourself and your tenant a favour and join a landlord association...sooner rather than later.
  • rtho782
    rtho782 Posts: 1,189 Forumite
    Part of the Furniture 1,000 Posts
    The national landlord association (NLA) do referencing for about £12.50
  • Miss_Samantha
    Miss_Samantha Posts: 1,197 Forumite
    The gov.uk document is one of the better agreements, though.

    Its merit is that everything it contains is solid, which is not the case of most agreements, including those from landlord 'associations'.
  • thenap80
    thenap80 Posts: 437 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Does a Rent Guarantee Insurance company tequire me to have done credit check only? Do they need to have photocopies of tenant's payslips or any thing. Just thinking if i do referencing myself then what would the rgi company require to have been done as a minimum
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    edited 8 May 2016 at 4:28PM
    OP Given the naivity of your questions, it might be worth checking if "my house" includes a mortgage? If so is it a BTL Mortgage or do you have a standard mortgage with Consent to Let?

    Does any mortgage include conditions on how you manage the letting (such as who must undertake the vetting of a tenant?)?

    Also do the deeds of the house include any restrictions on the property that need to be included in the tenancy agreement (eg related to running a business)
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • thenap80
    thenap80 Posts: 437 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    The house is owned by me outright. No mortgage.
  • thenap80
    thenap80 Posts: 437 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I dont regaes any of my Qs as being naive. Just questions that means I am doing my 'homework' so as not to let a EA rip my future tenants off!!
  • Miss_Samantha
    Miss_Samantha Posts: 1,197 Forumite
    thenap80 wrote: »
    Now there is two adults who will need reference checks and for them to go through housesimple they will get stung 75 pounds each. Alot i say.

    If you do it yourself, you can still charge £75 since that's quite reasonable in the industry.
    That's called running a business.
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