Tenancy - credit check

[Rebecca Loos]

****! The whole year! You are either living in a complete dive or suitably rich b!tch.

I thought this was a contractor's forum! Are you saying you can't free £9,000 at the drop of a hat?

[privateeye]

I think a lot of buy-to-let won't let for 3 months but will do so only for 6 months. The only time I needed a short term let was coming back to the UK and didn't know when I would exchange contracts on my own home. Signed an agreement with the landlord for 6 months but could pull out if the landlord found someone else and would be refunded any money. Got refund minus costs of re-letting which I feel was fair.

[sasguru]

****! The whole year! You are either living in a complete dive or suitably rich b!tch.

I thought this was a contractor's forum! Are you saying you can't free £9,000 at the drop of a hat?

How long have you lived here Becs? Don't you regret not putting a deposit on a flat years ago.?

[OwlHoot]

Assume a nice practical vehicle - a Ford Ka say - giving 40mpg

Ford Ka? (giggle) Ooh, get her, ducky!

[Jabberwocky]

****! The whole year! You are either living in a complete dive or suitably rich b!tch.

I thought this was a contractor's forum! Are you saying you can't free £9,000 at the drop of a hat?

I can if the hat has £9,000 stuffed into it.

Jabber the Hat

[Rebecca Loos]

How long have you lived here Becs? Don't you regret not putting a deposit on a flat years ago.?


I would if I didn't already "own" a few properties.

[Bovvered]

Hi all,

I've put a deposit down and the letting agents now tell me that their credit checking agency will reject me because I'm on a three month contract.

Given that I asked them if being a contractor was a problem at the start, and we're set to move on saturday I'm livid!

Anyone else had a problem with this?

Cheers.

You sound like IR35 material, which nothing more than a state of mind. I rent a second flat as a work base, did I tell them I was a contractor? No, I told them I ran my own consultancy business and presented them with a letter from my accountant.

[mulhall]

...I told them I ran my own consultancy business and presented them with a letter from my accountant.

I think you're right there - I thought I was backing up my case by providing my current contract details but this has confused them, my accountants details alone are all that is needed.

[sasguru]

How long have you lived here Becs? Don't you regret not putting a deposit on a flat years ago.?


I would if I didn't already "own" a few properties.

The why don't you live in one of them rather than renting?

[Rebecca Loos]

Makes more sense for me financially. In London rents collected do not cover mortgages except in some circumstances - but not where I could afford to buy. All my houses are in countries / cities where the rents I charge more than cover the mortgage repayments (so you will guess I do not own any houses in London), even with management agency charges and expenses, so in fact my mortgages are repaid and my surplus more or less pay for my own rent here. If I upset this fine balance by living in a house that I have bought, then I'd lose a bit of money every month. With my set up now, I don't lose a penny and live rent-free. Sorted!