Estate Agents Credit Questions & IR35

[NotAllThere]

...frankly it's absolutely none of the owner's or agent's business. ...

It's very much my business to ensure that it's likely that my tenants can pay the rent. A newly self-employed person is a risk, and doesn't have the right to demand "a roof over their heads".

[ookook]

I had the same problem when a couple of us tried to rent a flat in Manchester with our newly formed companies. In the end we offered three months rent up front and that made any problems with credit checks / company financial history etc go away... might be an option depending on your circumstances

[glashIFA@Paramount]

Rubbish, it's a very bad thing. It prevents the newly self employed from securing a roof over their heads and frankly it's absolutely none of the owner's or agent's business. What details of the landlord's financial position does the tenant get to see? None at all. Yet the consequences for a tenant who rents from a landlord with untenable finances are much worse than the other way round.

Not rubbish at all. It doesn't prevent anyone getting a roof over there heads as long as they're viable. Why shouldn't a landlord know a bit about the finances of a person moving into their property, after all they still have to pay the mortgage, not the tenant. The fact that the landlord has been able to get a mortgage tells the tenant something about the landlords finances. I've had tenants who've gone into my properties without reasonable checks being carried out on them - i let them go in because they sounded "plausible" and a couple of basic checks would have found them out - never again!!! It takes a LONG time and a LOT of money to get them out.

[ittony]

It's very much my business to ensure that it's likely that my tenants can pay the rent. A newly self-employed person is a risk, and doesn't have the right to demand "a roof over their heads".

Noone has a right to a roof over their head eh? Nice. Well, whatever business you think it is of yours to pry into your tenants' finances, they have more business knowing yours, so I'd be interested to know what details you generally disclose.

To the O.P., I suggest you evaluate the risk and consider offering six months rent up front, for which you should be able to secure a substantial discount. Make sure you do your research into the landlord's situation though because a lot of these Buy To Let jokers will be going bankrupt in the next few years.

[NotAllThere]

Noone has a right to a roof over their head eh? Nice.

Fine. I'll move into your spare bedroom then. Don't expect any rent.

[r0bly0ns]

Noone has a right to a roof over their head eh?

Not from Private Landlords, no. A priate landlord has the right to choose who they let their property to.


If they can't get a roof over their head from private lettings, that's what coucil houses and housing benefit were invented for.

[ittony]

If they can't get a roof over their head from private lettings, that's what coucil houses and housing benefit were invented for.

That's quite obviously not what council houses and housing benefit were invented for.

[oracleslave]

Not from Private Landlords, no. A priate landlord has the right to choose who they let their property to.


If they can't get a roof over their head from private lettings, that's what coucil houses and housing benefit were invented for.

private

council

HTH

[r0bly0ns]

HTH

Not really, I just ignore it.

HTH

[NotAllThere]

private

Perhaps it was Pirate