Private landlord -Credit and Right to rent check

Bluebirdman_of_Alcathays

bris wrote: »

That's all fine and well but if you really wanted the property then you would soon change your mind when the LL told you , no problem, find some where else.
It's all very well being the big shot when it's not you who could be losing out on their dream home.


Bottom line is the biggest thing for a LL is affordability, if you have nothing to hide show the LL and get the deal done. it's not as if you can't change the log in details after the check is complete.

I wouldn't call it being a "big shot" - giving my login details to a stranger is something that I've never heard of in the rental sector. When I rented, the publically available information, and a letter from my employer confirming my salary was always enough.

Pixie5740

bris wrote: »

That's all fine and well but if you really wanted the property then you would soon change your mind when the LL told you , no problem, find some where else.
It's all very well being the big shot when it's not you who could be losing out on their dream home.


Bottom line is the biggest thing for a LL is affordability, if you have nothing to hide show the LL and get the deal done. it's not as if you can't change the log in details after the check is complete.

Did you know that it's against the T&C to let someone else access the accounts for services such as Noddle, Clear Score and Credit Expert?

"You may access and use our website and our Services only for your personal use on your own behalf and not on behalf of anyone else. You must not engage another person, company, partnership or other entity to access our website or our Services on your behalf. You must not order, or attempt to order, credit information about anyone else through our website."

Now as a potential landlord would you want to enter into a contract with someone who freely flouts the terms and conditions of contracts?

Brightspark87

Hi

As someone who rented for over 10 years privately and through agents and only recently bought my first home - please do not ask for the tenants credit report.

It is horrid to hand that over to your landlord and would put me off renting from you. I was asked to do this and bank statements in London and I refused - why should I show you how I spend my money? You are the Landlord not their parent. I provided payslips, a statement from my employer and met them face to face - more than sufficient.

Search public records if you wish, but honestly, please don't ask them for their credit record log in. This won't show if they are a good tenant.

Check with your land lords insurance as to what they require as checks for new tenants and use logic from there. From my experience public records search (CCJ etc) and employer statement would be sufficient.

FBaby

It is horrid to hand that over to your landlord and would put me off renting from you

Didn't you need to do this to the bank to get a mortgage? How is this any different. Landlords get shafted all the time by tenants who face to face seem very pleasant and lovely and would never ever not pay rent and refuse all communication.... until they stop paying the rent, refuse all communication and need to be taken to court to evict, leaving the landlord £100s if not £1000s out.

You understand that they would rather do anything to minimise the likelihood of this happening.

In any case, no-one is forced to do anything. You don't want to show your bank details, don't pick a landlord who demands it. If a landlord ends up with no interest as a result of their demands, they might decide to be less picky.

Bluebirdman_of_Alcathays

FBaby wrote: »

Didn't you need to do this to the bank to get a mortgage? How is this any different.

It's actually really really different x

Malmo

FBaby wrote: »

Didn't you need to do this to the bank to get a mortgage? How is this any different

At a guess, a bank is a highly regulated lender that loans thousands of pounds against property as security. A landlord perhaps doesn't do this and expects an agreed rent from the tenant?

anselld

happypuppy wrote: »

Thank you so much Pixie5740 ,
I can become a member of that LL association and get the check done. Thank you so much

You can do full referencing here for £29 without needing to be a member ...
https://www.rla-tenant-referencing.co.uk/services_full.aspx

Miss_Samantha

Bluebirdman_of_Alcathays wrote: »

It's actually really really different x

It's not that different. In both cases you provide credit and effectively entrust a valuable asset to someone.

So both landlords and banks have the same valid reasons to access the information.

The difference is really just that the information is sensitive so there are restrictions to prevent any random person from accessing it, and thus only selected organisation have access.

Brightspark87

Miss_Samantha wrote: »

It's not that different. In both cases you provide credit and effectively entrust a valuable asset to someone.

So both landlords and banks have the same valid reasons to access the information.

The difference is really just that the information is sensitive so there are restrictions to prevent any random person from accessing it, and thus only selected organisation have access.

It is very different - why should I show you as a landlord my credit report? You have no need to know that. I am not borrowing any money from you and you are NOT FCA authorised therefore not offering any form of protection from my point of view for managing money - simply entering an agreement to pay you money for a service - do you have to show your credit report for joining a gym? Of course you don't. You can see public records etc and that covers you for insurance if you have to make a claim if I fail to pay rent.

Miss_Samantha

Brightspark87 wrote: »

It is very different - why should I show you as a landlord my credit report? You have no need to know that.

Of course there is a need.
The landlord is providing credit and has a very valid reason to check your credit-worthiness. This is the same when you wish to buy a mobile phone plan or when companies want to check new customers.