Originally posted by oracleslave
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Reply to: Estate Agents Credit Questions & IR35
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Previously on "Estate Agents Credit Questions & IR35"
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Originally posted by r0bly0ns View PostNot 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.
council
HTH
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Originally posted by ittony View PostNoone has a right to a roof over their head eh?
If they can't get a roof over their head from private lettings, that's what coucil houses and housing benefit were invented for.
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Originally posted by ittony View PostNoone has a right to a roof over their head eh? Nice.
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Originally posted by NotAllThere View PostIt'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".
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.
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Originally posted by ittony View PostRubbish, 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.
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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
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Originally posted by ittony View Post...frankly it's absolutely none of the owner's or agent's business. ...
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Originally posted by glashIFA@Paramount View PostIf you're looking at renting a property that they have on their books then it's a straightforward check to assess that you can afford the rental on the property, both now and going forward. This is no bad thing.
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Originally posted by Bluebird View PostThey are going to try and sell you a mortgage through there financial arm.
I hate estate agents that do this - I was once told I couldn't view a property with an EA until I'd spoken with their financial advisor !!
Makes me so angry.. I went into an estate agent, asked if I could view a couple of houses, they asked for my phone number so they could give me a call when the houses were available for viewing. Next day I get a call from some p...k in the city saying "Hi, you spoke to one of my colleagues yesterday, I've got you booked in to come and meet me tommorrow to discuss your financial requirements - can you do 5.30?"
Told him I don't deal with aggressive sales and that I wouldn't use that EA from now on..
How these people sleep at night I'll never know...
Sorry.. doesn't answer the thread.. just fancied a rant..
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Originally posted by Bovverd View PostHi Can anyone help with this. I have browsed the forums for a similar discussion but didnt spot anything.
I am currently in the process of moving house and have received a credit / employment document from the Estate Agents to complete.
A section of the document is employment status and asks if I am employed or self employed. It also requests an annual gross salary.
Now I am set up using IR35 and do not believe myself to be self employed but the issues I have are:
a) If I mention IR35 to this particular estate agent I do not believe they will understand it enough to NOT class it as self employment where they will then most probably demand two years of accounts which I currently do not have.
b) If I were to calculate my Gross salary using conventional methods the Agents may attempt to calculate my Net by deducting 40% instead of the 20% I pay on IR35. This will then make my take home pay seem considerably lower than it actually is and may result in being rejected on the application.
Is it possible or advisable to calculate a different gross annual projected figure which if the agents then apply a 40% deduction it would then total my accurate take home figure.
Thanks in advance for your time with this.
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Originally posted by Bovverd View PostHi Can anyone help with this. I have browsed the forums for a similar discussion but didnt spot anything.
I am currently in the process of moving house and have received a credit / employment document from the Estate Agents to complete.
A section of the document is employment status and asks if I am employed or self employed. It also requests an annual gross salary.
Now I am set up using IR35 and do not believe myself to be self employed but the issues I have are:
a) If I mention IR35 to this particular estate agent I do not believe they will understand it enough to NOT class it as self employment where they will then most probably demand two years of accounts which I currently do not have.
b) If I were to calculate my Gross salary using conventional methods the Agents may attempt to calculate my Net by deducting 40% instead of the 20% I pay on IR35. This will then make my take home pay seem considerably lower than it actually is and may result in being rejected on the application.
Is it possible or advisable to calculate a different gross annual projected figure which if the agents then apply a 40% deduction it would then total my accurate take home figure.
Thanks in advance for your time with this.
How do you manage to only deduct 20% of your gross?
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Originally posted by Bluebird View PostThey are going to try and sell you a mortgage through there financial arm.
I hate estate agents that do this - I was once told I couldn't view a property with an EA until I'd spoken with their financial advisor !!
Of course, they get a payback from the mortgage company, but that would't come to you anyway.
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