Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • DHR
    • By DHR 5th Mar 18, 4:11 PM
    • 2Posts
    • 0Thanks
    DHR
    Applying For Rented House While In Overdraft
    • #1
    • 5th Mar 18, 4:11 PM
    Applying For Rented House While In Overdraft 5th Mar 18 at 4:11 PM
    Hello,

    Me and my girlfriend have been accepted to go forward with and application for house.

    The letting agent wants to see 3 months payslips/bank statements and ID.

    Iím currently in my overdraft quite far. £700 out of £800

    I have been in the quite a while due to my ex partner would this go against me when they ask to see the bank statements?
Page 1
    • Comms69
    • By Comms69 5th Mar 18, 4:15 PM
    • 2,970 Posts
    • 2,939 Thanks
    Comms69
    • #2
    • 5th Mar 18, 4:15 PM
    • #2
    • 5th Mar 18, 4:15 PM
    I wouldn't dream of showing them bank statements personally.


    I couldn't say either way to be honest. - possibly.
    • theartfullodger
    • By theartfullodger 5th Mar 18, 4:16 PM
    • 9,535 Posts
    • 12,798 Thanks
    theartfullodger
    • #3
    • 5th Mar 18, 4:16 PM
    • #3
    • 5th Mar 18, 4:16 PM
    Depends entirely on the landlord/agent: There are no "rules" about this...

    As long as your annual joint income is more than 30x rent you may well be fine.

    You could always ask to see agent's bank statements for last 3 months... (watch their face when you ask....). If it's OK for them to ask to see yours, why on earth could they object the other way round.

    Best ever tenants I ever had had as their complete checking process a neighbour saying to me "Mr Artful they very nice people" - and they were!

    PS If they want to see bank statements and you refuse to show them I doubt very much this is going any further...
    Last edited by theartfullodger; 05-03-2018 at 4:41 PM.
    • DHR
    • By DHR 5th Mar 18, 4:22 PM
    • 2 Posts
    • 0 Thanks
    DHR
    • #4
    • 5th Mar 18, 4:22 PM
    • #4
    • 5th Mar 18, 4:22 PM
    I would never refuse to show them! If they want to see them the can thereís no issues as I really want the property just wanted to know if it would go against me?
    • Comms69
    • By Comms69 5th Mar 18, 4:24 PM
    • 2,970 Posts
    • 2,939 Thanks
    Comms69
    • #5
    • 5th Mar 18, 4:24 PM
    • #5
    • 5th Mar 18, 4:24 PM
    I would never refuse to show them! If they want to see them the can thereís no issues as I really want the property just wanted to know if it would go against me?
    Originally posted by DHR
    Can I see them too?
    • Slithery
    • By Slithery 6th Mar 18, 4:25 PM
    • 706 Posts
    • 1,085 Thanks
    Slithery
    • #6
    • 6th Mar 18, 4:25 PM
    • #6
    • 6th Mar 18, 4:25 PM
    Personally I'd refuse to deal with any letting agent that asked for such a thing and look for a different property.

    Payslips, fair enough. Bank statements, not a chance.
    • efes shareholder
    • By efes shareholder 9th Mar 18, 2:22 PM
    • 58 Posts
    • 72 Thanks
    efes shareholder
    • #7
    • 9th Mar 18, 2:22 PM
    • #7
    • 9th Mar 18, 2:22 PM
    I submitted mine however i drew a black line through each transaction and balance line as I don't see why i should show that
    I think they are intended to prove proof of residence and are more of an ID check
    Either way , they never asked for them without the lines being hidden
    • need an answer
    • By need an answer 9th Mar 18, 2:43 PM
    • 434 Posts
    • 513 Thanks
    need an answer
    • #8
    • 9th Mar 18, 2:43 PM
    • #8
    • 9th Mar 18, 2:43 PM
    Aside from whether you wish to show your statements or not I'm not convinced that it should be a detrimental thing to be using an agreed overdraft facility.

    As long as you are not exceeding the overdraft limit set then what is wrong with an agreed overdraft limit.
    It's been pre organised with your bank and is presumably reviewed at set intervals and within the guidelines that they stipulated when authorising.and presumably repayable by a certain date or at least reducing.

    Although as others have said I would consider it none of the LA's business how you spend your money so the statement is not a pre set requirement,only that you can afford the property which can be determined my a salary calculator.
    in S 31 T 21 F 42
    out S 42 T 25 F 32
    2017 -32
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,014Posts Today

5,872Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin