Questions and massive WORRY about tenant referencing...

Comms69

pause. You're paying things before you need to. If he's going permanent in a few weeks, why not just delay the move; then he can just rent it in his name?

oliviabethemmerson

Hey there, good thoughts, I thought the same thing.

Unfortunately, we need to move about a week before he goes permanent, trust me, we have been through this with the estate agents but to no avail.

Seems they just want the money! They had full confirmation off the employer of his salary of £40,000 and mine of £12,000 which will be going up to £20,000 when I start a new job in Leeds. Therefore we would earn £60,000 combined, they only needed someone with combined salaries of £33,000...

Seems as though working full time with confirmation and proving salaries isn't enough hence the guarantor... do you think that her requirements will be enough?

We have paid over £500.00 so far in just the application fee... if we couldn't come up with a guarantor, they wanted £13,000 upfront haha!

Just hoping and praying we will pass this!

AdrianC

oliviabethemmerson wrote: »

Seems they just want the money!

How very dare a business "want the money" for the service they're providing.

if we couldn't come up with a guarantor, they wanted £13,000 upfront haha!

Yes, your rent for the period. That's kinda what the guarantor is for. To ensure they get paid for the entirety of the contracted period, since your other half's employment is insecure.

Comms69

oliviabethemmerson wrote: »

Hey there, good thoughts, I thought the same thing.

Unfortunately, we need to move about a week before he goes permanent, trust me, we have been through this with the estate agents but to no avail. - why? And if it's that important, move to a hotel for a week

Seems they just want the money! - yes They had full confirmation off the employer of his salary of £40,000 and mine of £12,000 which will be going up to £20,000 when I start a new job in Leeds. Therefore we would earn £60,000 combined, they only needed someone with combined salaries of £33,000...

Seems as though working full time with confirmation and proving salaries isn't enough hence the guarantor... do you think that her requirements will be enough? - probably not no. But the agents are just following a prescribed algorithm supplied by the referencing company. There' almost no human decision making

We have paid over £500.00 so far in just the application fee... if we couldn't come up with a guarantor, they wanted £13,000 upfront haha! - referencing has unfortunately taken a massive 180. It should be: you provide your circumstances, LL agrees, referencing checks to make sure what you said is correct. Now it's arbitrary numbers and really not clear (borderline fraudulent)

Just hoping and praying we will pass this!

I think you need to (at least be prepapred to) write off the £500 and try again once the job becomes permanent


(even though anyone with an ounce of employment law knows that doesn't happen until 24 months have passed)

oliviabethemmerson

I fully understand that but compared to other estate agents, £500 before we've even paid for the deposit and first months rent is a bit steep.

Comms69

oliviabethemmerson wrote: »

I fully understand that but compared to other estate agents, £500 before we've even paid for the deposit and first months rent is a bit steep.

I agree. I wouldn't pay it.

oliviabethemmerson

I just don't understand why when we both have the money and employment confirmed (I totally understand that my partner isn't permanent yet, but is going permanent in 3 weeks), we have also passed credit checks.

I also fully understand that she doesn't make £40,000 a year but she has secure employment (over 30 years), is a homeowner, plus joint homeowner of over 19 houses with rental income coming in every month and sufficient savings, I don't understand why she wouldn't pass, alongside a perfect credit score.

Korra

Why don't you borrow the £13k from his parents to pay upfront and pay them monthly instead of paying the landlord?

somethingcorporate

If she owns 19 houses surely she has enough income?

Red-Squirrel_2

This is an overpriced place anyway from the sounds of it, are you looking around at other options?