What is shown on a estate agent check?

B9323

I know when going through an estate agent they will run a check but what can they see?
Can they see my actual credit score that I would see and any loans or payments I make to them etc.

I'm just a bit worried as my score is really bad 281 on equifax/clearscore.
I have been renting though for 2 years no payments missed and I earn 30k before tax.

Any ideas of what to expect and what they can actually see as if it uses my credit score than lenders see I doubt il be able to move.

rachpid

If it helps I just had checks done by HomeLet for my new house and sailed on through. I think they are particularly thorough compared to some too. I have a terrible credit rating (lower than yours!) as I've been on a debt management plan for a number of years, and because of that have quite a few defaults. My husband's is also bad due to being linked to mine.

All they see is if you have CCJs, IVAs or are bankrupt. They also work out a rating based on your income (pre tax) to rent ratio, not sure exactly what they look for but our income is approx 3.5 times our rent (2.8 after tax). they also check if you are on the electoral roll of your current property, and mine got references from my current landlord and manager to confirm income and rent payments.

buggy_boy

Im guessing you are looking to rent a new place?

Do you know why your credit rating is so low? Usually salary will need to be 3-3.5 times your rent. Would your parents, family member or friend be willing to be a guarantor? At least if you could have someone on standby if needed, be open and honest with the letting agent about your credit rating and any CCJ's/IVA's, give them the reasons for them, offer a guarantor, that way they can go to the landlord and ask if it is acceptable before having to pay out the ridiculous fee for referencing im sure they will charge.

B9323

It's mainly high levels of money owed I can afford to pay it off and still pay rent as I've been managing to for the last year but yes I want to move.

I don't have iva cc bankruptcy etc. Just a very low score.

I had a go on this thing called mudhut that let's you do a self tenant check for yourself and it comes out at high risk even though I have no ccjs etc etc on electoral roll etc.
If they cannot see my current credit commitments and score why did there one come up as high risk?

B9323

I'm also not on a dmp either I'm just repaying payments as agreed originally.

Pixie5740

Nobody but you can see the credit scores generated by the credit reference agencies. Not banks, not building societies, and not letting agents.

When referenced by a letting agency all the credit check part consists of is checking your public credit files. All public credit files show are CCJ and insolvency. Since you don't have any CCJ and are solvent there will be nothing for them to see.

david1951

B9323 wrote: »

It's mainly high levels of money owed I can afford to pay it off

So why not pay it off then?

Or do you mean you can afford the monthly payments?

In any case, as others have said I don't think credit scores come up on letting/estate agency checks.

B9323

But it says they carry out credit checks?

If that's the case why did my one on mudhut come back as high risk if they can't see my credit score.
Can they see what I'm paying luke what loans I have already etc is that available to see?
Just confused as how mudhut one worked.

Funnily enough the letting agents I use will be using homelet but it says they do credt checks so I'm assuming they can see what loans I have etc

B9323

And yes I can afford to pay it monthly not All at once I'm paying off bigger chunks where I can and its slowly coming down thankfuly I've got myself on track before I needed a dmp and have been comfortable for the last half year without any worries and should have everything payed off within a year or so

Comms69

B9323 wrote: »

I know when going through an estate agent they will run a check but what can they see?
Can they see my actual credit score that I would see and any loans or payments I make to them etc.

I'm just a bit worried as my score is really bad 281 on equifax/clearscore.
I have been renting though for 2 years no payments missed and I earn 30k before tax.

Any ideas of what to expect and what they can actually see as if it uses my credit score than lenders see I doubt il be able to move.

Public information only.


No-one apart from you ever sees your score, it's just a number.

Comms69

B9323 wrote: »

But it says they carry out credit checks?

If that's the case why did my one on mudhut come back as high risk if they can't see my credit score.
Can they see what I'm paying luke what loans I have already etc is that available to see?
Just confused as how mudhut one worked.

Funnily enough the letting agents I use will be using homelet but it says they do credt checks so I'm assuming they can see what loans I have etc

No, they cant.


Credit checks work on a give and take basis.


Lenders who provide reports have access to see what exists. Letting agents, and homelet, do not.


What they do have is access to their own shared private databases, so they may have information on you there, but you would only find out by issuing a SAR and paying £10.