Does being bankrupt in the past effect chance to rent a property?

clutton_2

i always tell prospective tenants how long i have been in business, how many properties i have and offer them another tenants contact details if they wish to take up a reference on me - no one ever has.

""I thinks that credit checking for renting is wrong" - a LL has to protect a Very expensive asset - if s/he did no checks or references a tenant could be the sort of person who never pays any rent other than the first month - and there are many folks who do this.

When you buy a house you get credit checked - i see no difference in asking tenants to be credit checked if they want to rent.

tbs624

mumblesminx wrote: »

I would ask for at least two of the following three covenants
1. Six months rent in advance.
2. Four months rent deposit (held in the new government deposit scheme)
3. A guarantor who will pay the rent if the tenant becomes unable.

Re: no. 2 on your list - AFAIAA if you take a deposit greater than the equivalent of 2 month’s rent, it may be held to be a premium, giving the Tenant the right to assign

mumblesminx wrote: »

I would hope that any letting agent I used would pass on the details of such prospective tenants rather than make that decision on my behalf.

Unfortunately, unless a LL stipulates that arrangement as one of the Terms with the LA IMO it is unlikely to happen in the majority of cases.

mumblesminx wrote: »

it is always best to be honest about your situation from the start rather than for it to be disclosed later at a credit check. I hope you find a nice home soon.

Yes - I agree, much better to be upfront. You could maybe try finding a LL who doesn't use an agent, or find out the LLs contact details from the Land Registry and approach him/her direct. ( Although some LLs may prefer that everything IS done through the Agent that they are paying a fat fee to)

tbs624

clutton wrote: »

a LL has to protect a Very expensive asset - if s/he did no checks or references a tenant could be the sort of person who never pays any rent other than the first month - and there are many folks who do this.

When you buy a house you get credit checked - i see no difference in asking tenants to be credit checked if they want to rent.

Was the capital V a typo or to emphasise just how expensive?;)

Unfortunately, as many of us will know, even credit checked Tenants sometimes decide to stop paying rent.

My own view is that the whole credit check thing should be far more transparent - a lot of people find the whole process intrusive and worrying, and I also feel that where a Tenant goes on to take up a Tenancy the costs involved should be refunded by the LL. Alternatively, it should be possible for there to be a portable personal credit check statement, with set renewal periods, so you retain reasonable control of your personal info and only the result of the initial checks and searches are shared with LAs and the like.

subjecttocontract

My own view is that the whole credit check thing should be far more transparent - a lot of people find the whole process intrusive and worrying, and I also feel that where a Tenant goes on to take up a Tenancy the costs involved should be refunded by the LL.

Then rents would have to rise to compensate the landlord.