Immigrant requirements to rent?

Immigrant requirements to rent?

16:34 PM, 7th November 2022, About 11 months ago 3

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Hello, Apologies for this rambling query.

Background: My daughter has landed a permanent job at Cambridge University and is about to immigrate to the UK (we are South African). She is a director and shareholder of our small BTL company registered in the UK.

The company currently owns 3 houses in the North East and has no mortgage (all were bought for cash).

Q1. Apart from the necessary work visa and the right-to-rent, are there any other documents required?

Q2. She plans to rent outside Cambridge (e.g.Ely). She will have sufficient funds to pay a deposit and the first month’s rent, but not much extra, and will not have started earning a salary in the UK (she currently freelances via the internet).

Would a landlord consider her shareholding as sufficient cover instead of a guarantor?

Thanks in anticipation,

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Silver Flier

10:31 AM, 8th November 2022, About 11 months ago

This thread is relevant for you:
Essentially most landlords are looking for a UK employed homeowner as guarantor, and expect the guarantee to continue as long as the tenant remains in their property. But of course each landlord decides for themselves.
I would suggest that she offers your BTL company as guarantor and see if that is acceptable. Be aware that the guarantor is often subject to a Reference check, in the same way that the tenant is, to ensure that the guarantor can cover the rent if the tenant falls behind.

Mike Workman

16:37 PM, 9th November 2022, About 11 months ago

Reply to the comment left by Silver Flier at 08/11/2022 - 10:31
Thanks Silver Flier for the super helpful advice.

David Mensah

12:56 PM, 14th November 2022, About 11 months ago

You'll find that in Cambridge itself landlords and agents are used to people coming in from outside the UK -- especially in the student/young professional market. These form a significant fraction of those who rent due to the two uni's + all the tech companies.

I run an HMO there and often take people like your daughter as long as I could see a signed contract for her job, or hear it confirmed from her manager. (I don't have vacancies b.t.w)

This may be slightly harder in the family property market.

Perhaps it would be easiest for her to rent somewhere temporary while she waits to start employment.

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