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Estate Agents!!

ilovelilac Avatar
6y, 5m agoPosted 6 years, 5 months ago
Is it normal to ask the tenants to be earning £24k plus if they want to rent a flat that costs about £625 pcm?

I think its a bit unfair tbh and they want a guarantor earning £24k plus if tenant isnt earning that!!
ilovelilac Avatar
6y, 5m agoPosted 6 years, 5 months ago
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banned#1
thats very nosey of them and unfair!
banned#2
The assumption being if you earn £24k you can afford the rent and are less likely to default

If you dont - well then you are poor
banned#3
well i suppose they have to have a certain figure, and yes i would imagine they can ask
#4
jubbyme
thats very nosey of them and unfair!


i think so too, this is my 1st 1st time renting via letting agent and its not been easy so far

dimebars
The assumption being if you earn £24k you can afford the rent and are less likely to default

If you dont - well then you are poor


so someone on 18k cant afford a flat that costs £625 pcm?
banned#5
ilovelilac


so someone on 18k cant afford a flat that costs £625 pcm?


Did I say that
#6
dimebars
Did I say that


you said if you dont have 24k you're poor :-(
[mod][Moderator]#7
Its the norm I'm afraid, we've just rented our house out and through the same agent rented another that is more suitable for my son in his wheelchair, they wanted proof of my oh's yearly income that had to be at least 40 times the monthly rental of the property we are renting, even though we are renting ours through them for £50 a month more then we are paying here lol
#8
Well, they can ask anything really. That salary is only 3.2 x the rent, not saying you can't afford it, it's just they are covering themselves.
#9
wishihadadonkey
Its the norm I'm afraid, we've just rented our house out and through the same agent rented another that is more suitable for my son in his wheelchair, they wanted proof of my oh's income that had to be at least 40 times the monthly rental of the property we are renting, even though we are renting ours through them for £50 a month more then we are paying here lol


ivegotalobon
Well, they can ask anything really. That salary is only 3.2 x the rent, not saying you can't afford it, it's just they are covering themselves.


guess i'll have to find someone then :-( most of my friends are on like 22k and stuff or recent graduates, my mum cant help shes out of the country and my OH's family dont earn that much and i have to move out in 2 weeks!!
banned#10
ilovelilac
you said if you dont have 24k you're poor :-(


I didnt say someone on £18k couldnt afford the £625 pcm tho
banned#11
good luck Lilac, hope it goes well for you!
#12
dimebars
I didnt say someone on £18k couldnt afford the £625 pcm tho


whatever, it doesnt matter
i didnt know this was the norm cos where i am now is a student accommodation and i needed a guarantor and they didnt ask about how much they're earning and stuff. I just thought they were being 'extra' now i know :x
#13
jubbyme
good luck Lilac, hope it goes well for you!


lol thanks :)

if i dont get a guarantor i'll have to pay the whole rent up front :roll:
banned#14
try a different estate agents, maybe they dont all ask for this
#15
sassie
try a different estate agents, maybe they dont all ask for this


tbh im fed up already, im gonna have a good night's sleep and think things through cos i really like the flat i've seen
banned#16
ilovelilac
tbh im fed up already, im gonna have a good night's sleep and think things through cos i really like the flat i've seen


well hope you get things sorted, but i am sure there are plenty of nice flats you will like :thumbsup:
[mod][Moderator]#17
ilovelilac
whatever, it doesnt matter
i didnt know this was the norm cos where i am now is a student accommodation and i needed a guarantor and they didnt ask about how much they're earning and stuff. I just thought they were being 'extra' now i know :x


could you perhaps offer to pay 2 / 3 months rent upfront? They may be happier to accept the lower income, my neice did this when she left her husband, ( she was working, but only minimum wage etc, )
#18
sassie
well hope you get things sorted, but i am sure there are plenty of nice flats you will like :thumbsup:


thanks :)
#19
wishihadadonkey
could you perhaps offer to pay 2 / 3 months rent upfront? They may be happier to accept the lower income, my neice did this when she left her husband, ( she was working, but only minimum wage etc, )


will have to ask them about that then ask my mum for money! lol
i'm sure it'll get sorted eventually its just so stressful and i know i only have 2 weeks its take a week for the credit check and application stuff and i dont wanna lose the flat and end up homeless

thing is OH's name is gonna be on the tenancy with me living with him and i'll be giving him half the rent i get the rent money from my mum cos i dont work so its not like we wont be able to afford the rent :(
where i am now i pay £89pw in 3 instalments and no one bothered me about all this guess its all part of growing up. OH's is staying with me now hes not used to renting and stuff cos he left home and came to stay with me he rented in a flatshare for a while which i sorted out for him but spent all his time with me so he just left there so hes with me now he works from 11-8 so i have to sort it all out
#20
ilovelilac
so someone on 18k cant afford a flat that costs £625 pcm?


I would imagine it would be tight after you add the bills onto it.
1 Like #21
maybe get a job and help your OH out a bit?
#22
xcookx
I would imagine it would be tight after you add the bills onto it.


not if they're sharing the rent :thumbsup:

pinkleponkle
maybe get a job and help your OH out a bit?


nah i'm a full time student, im on holiday now and i cant find a summer job for now

i've been thinking anyway that we might have to do a joint application pay more application fee and then OH might not need a guarantor then i will cos i'm a student, will speak to them tomorrow
#23
Have you got any saving at the moment ? Here is the trick, offer them to pay 6 months rent in advance for a 6 months contract, they WILL NOT do credit check or require any guarantor.

And after 6 months, just renew the contract with them, then no more form needs to be filled in
#24
ilovelilac

nah i'm a full time student

Hardly a reason not to get a part time job, take the strain off the OH a little.
#25
heovang
Have you got any saving at the moment ? Here is the trick, offer them to pay 6 months rent in advance for a 6 months contract[COLOR="Red"], they WILL NOT do credit check[/COLOR] or require any guarantor.

And after 6 months, just renew the contract with them, then no more form needs to be filled in


You don't work in lettings do you?!

Someone who offers to pay 6 months in advance would be checked out even more by any decent agent.
#26
heovang
Have you got any saving at the moment ? Here is the trick, offer them to pay 6 months rent in advance for a 6 months contract, they WILL NOT do credit check or require any guarantor.

And after 6 months, just renew the contract with them, then no more form needs to be filled in


that would help, we dont have enough to cover six month rent between us, it'll involve me asking my mum for more money and i hate putting pressure on her so that'll be the last resort i guess i'm gonna try the joint application thing and also i've seen somewhere else that looks good so will arrange a viewing asap

pinkleponkle
Hardly a reason not to get a part time job, take the strain off the OH a little.


are you stupid? seriously did you read the thread? we are not struggling to pay the rent so stop being an idiot! He's going to pay his share of rent and i'll pay mine so stop being a fool :thumbsup:
#27
thesaint
You don't work in lettings do you?!

Someone who offers to pay 6 months in advance would be checked out even more by any decent agent.


dunno bout credit check but they did say if we paid the whole rent we wont need a guarantor
#28
I work for and know several letting agents and they almost always work on the criteria to be considered for the property and, subject to the Landlord’s decision, you must earn at least 1.5 times the yearly rent with a guarantor or at least 2.5 times the yearly rent without a guarantor to pass the financial part of the reference.
#29
Aren't there more student friendly agents where you live? Obviously if you're a student you won't be able to earn 24k per year so go somewhere where they don't ask you to earn £x / year. My agent didn't. We needed a guarantor obviously and they didn't need to be earning £x / year either - just needed to have an income.
#30
oldmanhouse
Aren't there more student friendly agents where you live? Obviously if you're a student you won't be able to earn 24k per year so go somewhere where they don't ask you to earn £x / year. My agent didn't. We needed a guarantor obviously and they didn't need to be earning £x / year either - just needed to have an income.


yea i found one and will call them tomorrow hopefully its good for us, they do long term and short term lets so fairly positive they wont give us a hard time like this one but problem is i'm a full time student but my OH works and we're renting together. They have options for student let and then normal lets i but same types of flats so im guessing different contract types will have to find out more tomorrow. Where i am now is a student accommodation i needed a guarantor but they didnt have to be earning any specific amount of money just name address and signature really. This particular agent wants their payslip, passport, proof of address :roll:
#31
ilovelilac

are you stupid?

For a full time student you would think they taught basic economics and maths.

Your BF earns 18k, the agent says he wants proof of 24k earnings, if you got off you bum and helped out you would no doubt be able to find enough work to earn 6k rather than relying on mummy.

Estate agent happy, you get the flat of your dreams, so you happy (other than having to work for money rather than being given it)
#32
ilovelilac
yea i found one and will call them tomorrow hopefully its good for us, they do long term and short term lets so fairly positive they wont give us a hard time like this one but problem is i'm a full time student but my OH works and we're renting together. They have options for student let and then normal lets i but same types of flats so im guessing different contract types will have to find out more tomorrow. Where i am now is a student accommodation i needed a guarantor but they didnt have to be earning any specific amount of money just name address and signature really. This particular agent wants their payslip, passport, proof of address :roll:


Most will want those things - in order to check the guarantor is a real person and they will actually be able to pay up if you fail to pay your rent.
#33
pinkleponkle
For a full time student you would think they taught basic economics and maths.

Your BF earns 18k, the agent says he wants proof of 24k earnings, if you got off you bum and helped out you would no doubt be able to find enough work to earn 6k rather than relying on mummy.

Estate agent happy, you get the flat of your dreams, so you happy (other than having to work for money rather than being given it)


not gonna bother with you, you clearly havent read the thread or just blind or stupid
banned#34
:friends:

dont let them get to you lilac
#35
oldmanhouse
Most will want those things - in order to check the guarantor is a real person and they will actually be able to pay up if you fail to pay your rent.


where i am now, they just wanted name address and signatures and witness signatures even my friends in other accommodations same just address names and signatures guess its different with estate agents i'm learning :thumbsup:
#36
jubbyme
:friends:

dont let them get to you lilac


thanks, im frustrated already by the situation cos its all new to me just simply asking if what the agents where asking for was normal and some people are just wind up merchants asking why am i relying on mummy maybe i should go get a council house and benefits or get pregnant and forget uni, i wasnt brought up that way! My mum is helping me through uni so i can get a good job at the end and take care of myself and my future guess some people cant understand that concept :thumbsup: i cant find a job so i'm volunteering maybe they want me to sell myself to get money idiotic people :x
banned#37
^^ well done, dont let anyone tell you different
#38
jubbyme
^^ well done, dont let anyone tell you different


banned? :-(


updating the thread....
estate agents are useless (well some are) called them the following day to apply for the flat was told that the flat had been given away even though the lady that showed me the flat said she'll call me back the same day to confirm the price cos i was trying to get rent down from £675 to £600-£625 cos i didnt need parking and was gonna take up a 12 months contract. when i called they said the lady i spoke was ill and they had given the flat away :x
arranged a viewing for a nicer cheaper flat closer to my uni on saturday and loved it paid the application fee, got the application form on wednesday and applied they didnt ask for a guarantor! paid the deposit today moving in on thursday/friday :)

i got a call from the 1st estate agent, the lady that was off sick on friday called me on monday said landlord agreed to £625 and its available for me :? told her i found somewhere else, time wasters!!

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