renting a flat

[MikeNguyen]

** update **

I could get a guarantor - but its just too embarassing - so I'm just not going to.

I've a meeting with a mortgage-advisor in a week, who sounds very positive (I could hear his hands chaffing over the fone lol).

I've kept the original agent upto date via email, and he's going to have a chat with the owner ...

(oh and btw it was only £136 admin fee, not a 'deposit' really, still ... not a trivial amount)

richard

I've seen this before, one of my friend rent a flat in blackwall, london and they ask for £2000 or a guarantor. I thought it was a scam, but it isnt.

[DimPrawn]

Don't rent, buy.

Interest rates aren't going up no matter how high inflation goes. House prices might fall in real terms (i.e. adjusted for inflation), but your income won't rise, so there's no point waiting.

At least when the pound finally dies and is worthless in a few years time, you'll own a place the debt will be nothing.

[Halo Jones]

(oh and btw it was only £136 admin fee, not a 'deposit' really, still ... not a trivial amount)

BTW; You will not get taken seriously as a contractor on here with that attitude, you are meant to give that sort sum to the waiter as a tip

[richard101]

** update **

I could get a guarantor - but its just too embarassing - so I'm just not going to.

I've a meeting with a mortgage-advisor in a week, who sounds very positive (I could hear his hands chaffing over the fone lol).

I've kept the original agent upto date via email, and he's going to have a chat with the owner ...

(oh and btw it was only £136 admin fee, not a 'deposit' really, still ... not a trivial amount)

richard

[blacjac]

That is standard practice, every place I have rented the initial deposit is non returnable, last place that was £180.

No its not.

Every single place I have rented at, including where I currently rent, the deposit is only none refundable if you back out of the deal. If you fail the credit check, or they decide not to let to you for any reason, you get the deposit back.

[JamJarST]

The deposit's non-returnable even if they don't rent the flat to you?? What a brilliant scam!

That is standard practice, every place I have rented the initial deposit is non returnable, last place that was £180.

[doodab]

Pay the six months in advance, worked for me....

Yes, or offer a larger deposit e.g. 3 months instead of six weeks. I've done that before.

Can you get a guarantor?

[lukemg]

Pay the six months in advance, worked for me....

[richard101]

Most landlords will insist on a credit check, so the chances it's this that has failed. I had a similar situation a few years back because the credit checking company were a bunch of tulipwits who claimed I hadn't filed my accounts at companies house when in actual fact they just didn't know what they were doing.

I put them in contact with my accountant, who managed to sort it out. I also refused to pay the credit checking fee.

Hi, indeed I had a credit-check - and it all came back 'accept' except since I've only been contracting (this time around) for 5 months 'accept with guarantor'. (and me been paying mortgage for 21 years - until divorce). Crazy!

[doodab]

Most landlords will insist on a credit check, so the chances it's this that has failed. I had a similar situation a few years back because the credit checking company were a bunch of tulipwits who claimed I hadn't filed my accounts at companies house when in actual fact they just didn't know what they were doing.

I put them in contact with my accountant, who managed to sort it out. I also refused to pay the credit checking fee.

[SueEllen]

Hi All

I just got turned down for a flat I was trying to rent as they couldn't get a salary figure for me.

v hacked off, as I put a non-returnable deposit on it :x

advise please

Have a demonstration with family and friends on Saturday from 9am to 530pm outside their offices with bill boards and hand out leaflets to passers by.

You will have to stick to the pavement and ensure you are off their property.

If they unfortunately have to close for that day then so be it........

I'm sure your deposit is less than a days takings for them.

[eek]

Well, if you wanted to call matt on <telephone number redacted> about it - that would be ok

regards

Richard Smith

So that would be M&M Properties (Lettings) Ltd then. Can I congratulate them on finding a new way to make Estate Agents even more slimy then they usually are.

[dang65]

The deposit's non-returnable even if they don't rent the flat to you?? What a brilliant scam!

[Spacecadet]

you should get that deposit back from them, it's not you who has pulled out of the deal.

Can you offer them a bigger rental deposit as an incentive

and next time just make a salary up, it's not a mortgage application!

[richard101]

Hi All

I just got turned down for a flat I was trying to rent as they couldn't get a salary figure for me.

v hacked off, as I put a non-returnable deposit on it :x

advise please