Private Renting and "No DSS"

Grey's_Anatomyfan643

cashbackproblems wrote: »

Maybe get a job? I would not let any dss into my property either

How about don't be so judgemental? you don't know the OP situation, and for your information, it's hard to get a job in this day and age, OP might live somewhere that Jobs are hard to come by.

Floxxie

My (English) mortgage allowed HB tenants. I have to inform my insurance company if they are HB but that hasn't made a difference to my premiums this year.

And it is the norm here in NI to accept HB tenants.

I don't see what the problem is with not accepting them. Neither of my houses are at the lower end of the market and the HB tenants have looked after them well. The problem tenant I had was a teacher .

pinkshoes

Victor_the_Gink wrote: »

That's odd, my Nationwide BTL and my Brother's Birmingham Midshires BTL mortgages don't have any such clause.


I'm sure you know better though.

I was just having this discussion with a mate yesterday who has 7 BTL properties, and they cannot accept DHSS without the agreement of their mortgage lender.

(So they probably could, but it would be a hassle...)

I assume it is something to do with their LTV ratio and risk of someone reliant on external funding to pay their rent.

But as others have mentioned, the checks they do on their tenants are very stringent. They have only evicted one tenant in 15 years!!

Victor_the_Gink

pinkshoes wrote: »

I was just having this discussion with a mate yesterday who has 7 BTL properties, and they cannot accept DHSS without the agreement of their mortgage lender.

(So they probably could, but it would be a hassle...)

I assume it is something to do with their LTV ratio and risk of someone reliant on external funding to pay their rent.

But as others have mentioned, the checks they do on their tenants are very stringent. They have only evicted one tenant in 15 years!!

Oh come on. Everyone with a job is reliant on external funding to pay their rent. If anything "DHSS" is more secure than a job. LTV ratio is total nonsense - neither the loan nor the security changes value on having a "DHSS" tenant. I think your friend is telling fibs.

[Deleted User]

I wouldnt accept DSS.

I have a private tennant in my BTL but the LL downstairs has a DSS and has regretted it from day 1.

He gets less rent than a private tennant and this tennant is a PITA he has such a sense of entitlement, every minor issue he goes running to the authorities.

The guy wont even change a light bulb and because he diesnt work has nothijng better to do all day except look up his 'rights' on the internet

oh and he paid the rent really late twice because he went to Tenerife on his holidays.

Joke, but I'm not saying everyone is like that but that type of tale puts me off totally,

Victor_the_Gink

BBH123 wrote: »

I wouldnt accept DSS.

I have a private tennant in my BTL but the LL downstairs has a DSS and has regretted it from day 1.

He gets less rent than a private tennant and this tennant is a PITA he has such a sense of entitlement, every minor issue he goes running to the authorities.

The guy wont even change a light bulb and because he diesnt work has nothijng better to do all day except look up his 'rights' on the internet

oh and he paid the rent really late twice because he went to Tenerife on his holidays.

Joke, but I'm not saying everyone is like that but that type of tale puts me off totally,

I have only just learned what "DHSS" is, but I understand it means anyone who collects a state pension, child benefit (so anyone with kids that earns less than 50k) or out of work benefits.

You are judging all these millions of people because of the bloke downstairs who went to Tenerife? OK.....

FWIW, my worst ever tenant was a Doctor. It was my rookie LL mistake, I really tarted the house up nicer than it ever needed to be. His finances turned out to be in an awful place - as he was a GP Partner he was self employed, and blew all the money before he'd paid the taxman. When HMRC came calling, they got paid and I didn't. Oh and the house was trashed when I managed to get it back.

I don't judge all Doctors because of it, however, and I'd probably rent to another one.

jonmoneybags

Noone in their right mind would let an unemployed person, getting payments from HB into their house. Before you know it is will be a drugs den, with rusting cars in the drive, messy gardens and feral children running amok.

Doshwaster

wantonnoodle wrote: »

DHSS was the Department for Housing and Social Security
DSS was the Department for Social Security.

Actually, the DHSS was the Department of Health and Social Security. If was split into the DoH and DSS in 1988 and then the DSS merged with the Dept of Employment to become the DWP.

https://en.wikipedia.org/wiki/Department_of_Health_and_Social_Security

However the name "DSS" has somehow stuck around.

Celesse

All the letting agents we have gone though have asked to see my husbands pay slips and emailed his boss to confirm what we have told them.

Cakeguts

Sometimes the total amount that you can get in benefits is not nearly enough to pay all the rent. In this case the tenant has to make up the difference in rent from other sources of money. If the difference is quite big a landlord won't risk a housing benefit tenant in case the tenant finds the difference between what housing benefit/ universal credit pay and the actual total rent too much and decides to not top up the rent.

Your local council will have a list of landlords that accept housing benefit.