Help - Poor credit score potentially preventing renting a property...

FindMyWayBack

schmeil1 said:

Just a quick update from me, the thread starter 🙂
I’m pleased to report, that despite still having a ‘poor’ rating on my personal credit score (which continues to limit my ability to raise financial credit) I was able to take up a tenancy on a rental property without any problem last October.

It would appear that the ‘credit report’ was indeed a minimal search to establish identity and double check that there were no outstanding CCJ’s or bankruptcy 🙂🙂

Thanks for everyone’s advice and FindMyWayBack, I hope you too get your situation sorted 🙂

So glad to hear it, thank you for your good wishes.

FindMyWayBack

These forums aren't working right yet, the last line is my reply

[Deleted User]

FindMyWayBack said:

These forums aren't working right yet, the last line is my reply

They're working right - you just need to type your response BELOW the quote box, rather than in it.

schmeil1

FindMyWayBack said:

These forums aren't working right yet, the last line is my reply

I understood what you meant 😊👍🏻

FindMyWayBack

Deleted_User said:

FindMyWayBack said:

These forums aren't working right yet, the last line is my reply

They're working right - you just need to type your response BELOW the quote box, rather than in it.

Ah right, you need to open it out first to see that yes. Thanks for your help.

Jordy456

Have we established if Let Alliance do full hard credit checks or just soft searches? 

Fighter1986

Tenant Vetting checks are usually soft searches as they don't relate to a credit product but you'll have to ask them.

Kim_K91

I completed checks with let alliance last week. I opted to complete my application with open banking. Which meant they gained access to my bank transactions for the past 12 months. I did not provide any other documents for example payslips ect.The only other requirement was to provide my current tenancy agreement. My partner opted not to use open banking and within 24 hours of submitting his application (3 months payslips and bank statements) they contacted his employer. Overall I think open banking is faster and simple. They didn't contact my employer because I used opening banking. The process was completed within a week.I think it would have been faster if my landlord responded to them immediately. I hope this helps anyone who's doing checks with them. 
My credit score is fair and partner has good credit. No defaults but a few missed payments on my file.

[Deleted User]

FindMyWayBack said:

schmeil1 said:

Just a quick update from me, the thread starter 🙂
I’m pleased to report, that despite still having a ‘poor’ rating on my personal credit score (which continues to limit my ability to raise financial credit) I was able to take up a tenancy on a rental property without any problem last October.

It would appear that the ‘credit report’ was indeed a minimal search to establish identity and double check that there were no outstanding CCJ’s or bankruptcy 🙂🙂

Thanks for everyone’s advice and FindMyWayBack, I hope you too get your situation sorted 🙂

So glad to hear it, thank you for your good wishes.

And just a reminder, your fictitious score is NEVER seen by any lender nor does it have any bearing on whether you can get credit

stewartwilliams

I was looking at renting through an agency a while ago and most seemed to want a referencing fee ranging from £30-£150.
This fee was non-refundable for whatever reason they decided upon i.e. rejected outright, they changed their minds after accepting you etc.