Guarantor request by LL for student accomodation

GwylimT

Andypandyboy wrote: »

Is your liability unlimited? Have you read the contract? Is the LL insured for buildings and contents?

It sounds like the CAB chap was telling you what he thought you wanted to hear without there being any realistic possibility of the issues you have complained about ever being outlawed.

In my experience, which consists of being a guarantor for several children over approx ten contracts and with probably three more contracts to to come, liability is limited not unlimited.

I think you have got yourself in a stew without actually knowing the finer detail.;) and certainly without being clued up enough to guide your student son through the process.

Save

Amazing how quickly they got an appointment with CAB as well, also odd that CAB blames landlords for the terms and conditions of insurance policies.

aquitaine

GwylimT wrote: »

So what does the contract say?

The landlord will have to do virtually nothing as their insurer persues the guarantor.

Where will your son be sleeping tonight? Does he have suitable storage for his belongings.

I went to CAB once, I had to explain what DSRs were when they were in force.

Well, as long as I don't have to get involved with dealing with these people any more they can do what they want, it seems worth a couple of hundred quid to unload the hassle. No idea where son is sleeping tonight, I'm sure he'll arrange something. The CAB bloke struck me as very knowledgeable in this field, seemed to know exactly what he was talking about. It's rather sad that these greedy, grasping landlords and estate agents bring things to this sort of pass. They have been most unpleasant to bot my son and myself. I hope we will be able to find a way of advising future students to steer clear of them. I imagine there is some sort of trip advisor type app for that.

GwylimT

aquitaine wrote: »

The CAB bloke struck me as very knowledgeable in this field, seemed to know exactly what he was talking about. It's rather sad that these greedy, grasping landlords and estate agents bring things to this sort of pass.

Yet the man at CAB didn't know that a guarantor is required to meet the conditions of the landlords insurance policy, and seems to want to invalidate landlords insurance and believes landlords have got away with being insured for too long, how bizarre...

I assume you believe its landlords who create the terms and conditions of insurance policies? Otherwise I'm not sure how following the requirements of an insurance policy can be considered greedy.

Again, the issue also has absolutely zero to do with estate agents.

mumps

If it is an agent that does alot of student lets then speak to the uni, usually somewhere in welfare there is someone who looks after housing issues. My DD did have a problem with one student house and the agent wouldn't do anything, one call to student welfare and within half an hour I had a call from the agent telling me what was going to happen and half an hour after that the landlord was there with his maintenance people.

I think you will find that it is normal for students to need a guarantor and they are all liable for any debts arising. The university would be able to advise you if there is a history of the agents abusing this.

Personally I always went to help when they were checking out, and made sure the cleaning was done. My kids, four of them, managed to get through uni with money being stopped out of the deposit once when my son had holidays at different time to other students and the house wasn't properly cleaned. I think they lost £20 each. I found the agents well known to universities were generally pretty good.

Just to add I wasn't there just for cleaning but as mum's removal firm but did get my hands dirty if necessary. I found the cooker was usually the thing that got left till the last minute and I would usually do it while they were all emptying their rooms, carrying out rubbish etc. I became quite the expert at making a manky cooker look like new. It was quite satisfying.

ScorpiondeRooftrouser

aquitaine wrote: »

I spoke to the CAB today and they agreed that it is outrageous for BTL landlords to try and get parents to accept unlimited liability for the wrongdoings of other people's children. Very nice bloke I spoke to who said that these BTL landlords have had it all their own way for too long and he is going to put it to their national committee to make representation to government to put a stop to the practice. Apparently these BTL landlords are in for a good kicking from government anyway and not before time.

I have also been pointed to a third party company who takes on the role of guarantor for a couple of hundred quid. I will probably go down that route then the BTL landlord can argue with an insurance company and may the devil take the hindmost.

I actually come away from dealing with the people in this sector feeling rather unclean. What a repellent band of grasping creeps they are. I hope I never have to cross swords with them again.

Before all this happened, had you ever left your house?

Bluebirdman_of_Alcathays

I can't believe there are 6 pages of debate with someone who doesn't understand the very basics of the law of agency (doesn't even understand who the Principal and Client are!!), or that this has been commonplace for at least 20 years.

OP, would you let a £x,000 property out to 6 teenagers with no wage, credit history or assets?!!

ScorpiondeRooftrouser

Bluebirdman_of_Alcathays wrote: »

I can't believe there are 6 pages of debate with someone who doesn't understand the very basics of the law of agency (doesn't even understand who the Principal and Client are!!), or that this has been commonplace for at least 20 years.

OP, would you let a £x,000k property out to 6 teenagers with no wage, credit history or assets?!!

Only if some imaginary bloke from the CAB told him it was a great idea.

csgohan4

silvercar

aquitaine wrote: »

I have also been pointed to a third party company who takes on the role of guarantor for a couple of hundred quid. I will probably go down that route then the BTL landlord can argue with an insurance company and may the devil take the hindmost.

Please share with us the name of this insurance, I'm sure there are people reading this thread in your position who may want to consider such an insurance policy - if it really does provide a guarantor role.

aquitaine

Bluebirdman_of_Alcathays wrote: »

I can't believe there are 6 pages of debate with someone who doesn't understand the very basics of the law of agency (doesn't even understand who the Principal and Client are!!), or that this has been commonplace for at least 20 years.

OP, would you let a £x,000 property out to 6 teenagers with no wage, credit history or assets?!!

I would not be a buy to let landlord as I consider it to be anti social, parasitical and driven by greed.