Renting first property- advice needed

HampshirePerson

Me and my partner are looking to rent our first home together at some point this year we haven’t ever lived together before so will not have and previous landlord references to provide. ( but could show rent paid to parents through bank statements although probably wouldn’t count for anything??) Now I have a credit score of 631 (not great I know, but is slowly getting better) I was a bit silly with credit cards and overdrafts as a student ended up with a debt management plan which is all cleared now & currently have no debt, paying everything on time like phone bill ect and actually have some savings now. my partner on the other hand has a brilliant credit rating and is by far the higher earner. Now I’d like to know do we get a joint score together when the letting agents/landlords carry out their checks or will we get separate ones and also is my score going to get us a big fat No way are we letting our property to you . I have read lots of posts saying they can only see public stuff I.e if your on the electoral roll (I am) if you have any CCjs (I don’t) but I haven’t seen any up to date posts for 2017/2018 saying what the latest checks they are allowed to do. We’d both be able to provide a guarantor if needed and both in full time employment so could give employment references also. I’m just a bit scared we’re going to start looking for properties and be turnt down thanks to my stupidity as a younger adult. Thanks in advance all responses gratefully received.

anselld

Letting agents can only see public records. They cannot see DMPs or late payments.

Don't volunteer and negative information, just let them do the normal checks, you will be fine.

HampshirePerson

Thank you for quick response these are the kind of answers I!!!8217;m hoping for and make me positive we will get a to live together in the near future!

buggy_boy

I think you will likely pass any credit score tests, letting agents are looking for red flags (ie CCJ, IVA). As long as between you you earn 3.5x the yearly rent you should be fine.

Best of luck.

Manchester1234321

Yes as mentioned, in order to pass affordability for a property your combined annual salary must be 2.5 times the yearly rent, or 30 times the monthly.
ie a £600pm property would require minimum of £18,000pa gross salary
I would however never go up the maximum that would pass affordability as council tax, utilities, tv etc soon add up another couple hundred pounds aswell

dimbo61

Save save save
Deposit, letting agents fees, first month's rent all needed before you move in.
Do not pay any holding fee unless it is fully refundable if you fail checks.
Read up on tenants responsibility and take lots of dated photos of the condition of the property when you move in and any damage or faults.
Report in writing and email to letting agents or landlord direct.
You will also have the expense of buying a washer/dryer, fridge freezer, TV and TV licence, council tax, phone/broadband, furniture, beds, pots and pans etc.
Setting up home is Very expensive.
Vaccum cleaner, mop and bucket, bedding, etc