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  • FIRST POST
    • Jackdaniels94
    • By Jackdaniels94 11th Jul 18, 4:31 PM
    • 2Posts
    • 0Thanks
    Jackdaniels94
    1st time renting
    • #1
    • 11th Jul 18, 4:31 PM
    1st time renting 11th Jul 18 at 4:31 PM
    Hi all,

    Me & GF are looking to rent our first place together later in the year. Weíre currently lodging with parents and havenít rented before. Iím a tad worried/embarrassed about dealing with estate agents as I know nothing and donít want to be taken for a ride. We both have less than perfect credit history having entered into payment plans and taken out payday loans but no debts in our name no CCJís or outstanding bills. I have 10k in savings. Will we pass credits checks? And also, when verryfing work does length of employment matter?

    Thanks
Page 1
    • sal_III
    • By sal_III 11th Jul 18, 4:39 PM
    • 269 Posts
    • 242 Thanks
    sal_III
    • #2
    • 11th Jul 18, 4:39 PM
    • #2
    • 11th Jul 18, 4:39 PM
    Relax, in most cases you won't have to pass credit check, just give some proof of income like payslips. In many cases the LL will be happy with 6 months rent in advance even if you have troubles proving the income.
    • Smodlet
    • By Smodlet 11th Jul 18, 5:06 PM
    • 3,451 Posts
    • 6,687 Thanks
    Smodlet
    • #3
    • 11th Jul 18, 5:06 PM
    • #3
    • 11th Jul 18, 5:06 PM
    Welcome to the forum.

    If you really mean you have no debts so you really do have £10k in savings, I would think you have no need to worry.

    If no debts "in your name(s)"? means you have debts a guarantor is liable for do you realise that, whilst the bailiffs will come after the guarantor, the guarantor is completely within their rights to take the actual debtor to court?

    You would do well to spend some serious time reading this board. It is littered with horror stories from tenants about landlords (LLs) and especially about the evil (imho) that is letting agents (LAs) who are often also Estate Agents (EAs) Always deal with the LLs directly if you possibly can.

    G_M's guides and posts are invaluable for both tenants and LLs, imho. There are plenty more but perhaps these links might give you somewhere to begin. Good luck to you and your GF.

    https://forums.moneysavingexpert.com/showpost.php?p=67759913&postcount=4

    https://forums.moneysavingexpert.com/showpost.php?p=67759934&postcount=8
    What is this life if, sweet wordsmith, we have no time to take the pith?
    Every stew starts with the first onion.
    I took it upon myself to investigate a trifle; it had custard, jelly, soggy sponge things...
    • jonnygee2
    • By jonnygee2 11th Jul 18, 6:19 PM
    • 96 Posts
    • 59 Thanks
    jonnygee2
    • #4
    • 11th Jul 18, 6:19 PM
    • #4
    • 11th Jul 18, 6:19 PM
    I!!!8217;m a tad worried/embarrassed about dealing with estate agents as I know nothing and don!!!8217;t want to be taken for a ride.
    Well, you are right to be worried because they are pretty much universally difficult to deal with. I'd HIGHLY reccomend OpenRent https://www.openrent.co.uk/ to try and find a landlord directly without an estate agent.

    If you do go through an Estate Agent;

    - Don't be scared to negotiate or push back when things seem unreasonable. YOU are their customer, but that's a fact they often forget, and they sometimes need a gentle reminder.

    - Don't ever pay a deposit, holding fee etc until you are ready to sign the contract. A lot of London Estate agents now ask for a deposit just to negotiate the price or 'show interest' in a property - these requests or anything else that makes you feel uncomfortable should be automatically rejected.

    - Ignore the sales tactics. There is no one else 'about to put an offer in'. The property won't 'disappear tomorrow' if you don't make up your mind. It is not 'underpriced for what it is' etc etc etc.

    Don't feel like you are on the back foot because of your credit history. If asked, be honest and explain the situation to them. But generally, you have money, and they want that money, it's actually you that holds the cards, especially at this stage,.
    • Pixie5740
    • By Pixie5740 11th Jul 18, 7:51 PM
    • 12,419 Posts
    • 17,639 Thanks
    Pixie5740
    • #5
    • 11th Jul 18, 7:51 PM
    • #5
    • 11th Jul 18, 7:51 PM
    Firstly you'll be dealing with letting agents not estate agents. Do you need to move out of your parents? You've never rented before and I assume you've never bought anywhere before so you've managed to rack up enough debt to be in payment plans and have used payday loans before despite having relatively low outgoings. Are you ready for the costs of living away from home?
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