We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
I want to rent
Benefits_Blagger
Posts: 537 Forumite
I'll be honest about my position, I don't work, I'm on benefits, have a bad credit history and no references. But I do have bags of cash!
So i was thinking, would it be worth approaching a landlord/EA and offering to pay my rent up in full ? would they accept this ? surely with the stories of all these landlords desperate for tenants they would jump at guaranteed rent ?
if this is possible, what I do worry about, is what if i get kicked out ?
I think if its a BTL and it is mortgaged as such, then if it gets repossed then it cant be till the end of the tenancy. but ive heard that lots of these BTL merchants havnt told their mortgage companies that the properties are being rented out, and if they get repossed you are kicked out before the end of the contract.
can i demand to see the details of the status of the flat, e.g if it mortgaged and what type of mortgage ?
the type of flat I am aiming for is a manchester city centre new build, so hopefully i should be able to find someone willing to rent as they all seem pretty desperate, but considering the state of this market, the owners of these properties are the ones most likely to be in trouble.
any help appreciated, thanks
So i was thinking, would it be worth approaching a landlord/EA and offering to pay my rent up in full ? would they accept this ? surely with the stories of all these landlords desperate for tenants they would jump at guaranteed rent ?
if this is possible, what I do worry about, is what if i get kicked out ?
I think if its a BTL and it is mortgaged as such, then if it gets repossed then it cant be till the end of the tenancy. but ive heard that lots of these BTL merchants havnt told their mortgage companies that the properties are being rented out, and if they get repossed you are kicked out before the end of the contract.
can i demand to see the details of the status of the flat, e.g if it mortgaged and what type of mortgage ?
the type of flat I am aiming for is a manchester city centre new build, so hopefully i should be able to find someone willing to rent as they all seem pretty desperate, but considering the state of this market, the owners of these properties are the ones most likely to be in trouble.
any help appreciated, thanks
0
Comments
-
I love the honesty
cant help with any of the rest though , if i was a LL though i wouldnt touch you with a bargepole0 -
If you're willing to pay 6 months rent upfront, then you might be able to find someone willing to rent to you.
Go into an EA, be honest and upfront about your situation, but take along proof that you can pay x months in advance. Maybe ask them if they have any properties that have been empty for ages and the landlords are desparate to rent out!!!?!?!
If you don't work, what do you do all day?Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
Just out of interest how come you have bags of cash?
Could you not put it in a bank and just pay it to the LL normally?Keep the right company because life's a limited business.0 -
-
Benefits_Blagger wrote: »goto the pub, bookies, go for meals, go for day trips etc
lol , quality:rotfl:0 -
You surely have someone to be a character reference for you? That solves one problem. People rent property without previous landlord/agency references all the time.
Your main hurdles will be finding someone who accepts people on social security. I would check out websites such as gumtree to see if you can find a private landlord marketing his own property. It is most likely you will bypass the need for a credit check and you can pay your rent normally - a deposit and first months rent in advance and then monthly after. If you have 'bags' of money then why not give it a try with an agency - they normally only charge a small fee if you get declined on the credit check and even then will normally ask for a period of rent up front? I wouldn't stalk in and offer a bag of cash up front without being prompted for it first! It doesn't half make you sound dodgy.I'm going for my QuidCo £million!
Total So Far: £9923.580 -
Drug dealer? Robbery?
If he's on benefits, he shouldn't have bags of cash.
why not ? i have worked and saved up my money, so why shouldnt i have savings and be on benefits (for information purposes, my benefit is non means tested and i dont claim any means tested benefits).
I dont claim housing benefit, so maybe i should blow all my savings (or not bothered to save when i worked like so many do) and be a further burden on the state.
not a nice post :-(0 -
-
I'd make sure if you do this that the landlord actually has a buy to let mortgage, or you could lose the lot and still get evicted.Hurrah, now I have more thankings than postings, cheers everyone!0
-
I'd make sure if you do this that the landlord actually has a buy to let mortgage, or you could lose the lot and still get evicted.
thats my main worry if i find someone to take me on.
can i demand to see their documents, regarding their ownership of the property ?
I want one of those spanking brand new flash apparments in manchester city centre, but these are the landlords who are most likely to be in trouble.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards