9:37 AM, 8th December 2021, About a month ago 6
I have a tenant with a cash deposit and Rent In Advance (RIA) ready to go. He gets paid £700 direct by the DWP and tops up the rest (total rent is £875).
He can clearly show that DWP pay the £700 direct and has done since he moved in back in 2012 – HB before then. He is looking to downsize to a smaller property at £750-800 which he can plainly afford (bank statements show this). He is not in rent arrears. Three months clear banks statements.
He does not have a home-owning guarantor which a lot of agencies say their LL’s require, so this is an issue. I have asked him to apply to rentguarantor.com (they take benefit applicants) which is where he pays a fee at the start of the contract, to show to a potential LL that they are covered completely if he defaults on the rent by the company. Some agencies are still not accepting this method of rent guarantor.
Anyone else been in the same position? Any advice?
Why isn’t the rent guarantor acceptable, as he will have been vetted properly to receive an offer of one that he has to pay?
Surely there are LL’s out there that would accept a tenant if they had this assurance?
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