kaps z

Registered with Property118.com
Sunday 18th January 2015


Latest Comments

Total Number of Property118 Comments: 22

kaps z

11:54 AM, 17th July 2020
About 3 months ago

Is there any income to rent ratio you look to for affordability?

Reply to the comment left by david porter at 17/07/2020 - 11:39
We just had 1 tenant as we moved to BTL ladder last year only so no experience or ever got a Universal credit applicant.
Having said that my previous tenants income was around 6k per year for a couple and they still were renting and not looking to buy. They could easily get mortgage but i think its everyones choice when they want to move to the property ladder. We bought our first house after 7 years of renting, despite my income was qualified for mortgage but we personally prefered to rent for various reasons.... Read More

kaps z

11:35 AM, 17th July 2020
About 3 months ago

Is there any income to rent ratio you look to for affordability?

Reply to the comment left by The Forever Tenant at 17/07/2020 - 11:16
I just asked them about this given i wasnt comfortable initially. They suggested there is a students loan which they are paying back given one of the partners has just started the job (from last 8 months) and other partner finished uni like 1.5 years now so this is their first/second job.
The balance is same more or less in last 6 months. They arent paying but not increasing either.
They have sent me their savings account which has got around 2k and a guarantor which is their sister.. Do you normally reference check the guarantors too ?

I have checked the employers they have provided, they all match up. Their previous rent of shared accomodation was on time. Gut says they are Ok but may be rent insurance gurantee would think otherwise.

Sorry this is our second time we are in finding the tenants so all these questions.... Read More

kaps z

8:14 AM, 27th August 2019
About A year ago

How do we select the best tenants for us?

Reply to the comment left by Chris Daniel at 26/08/2019 - 23:30
Thank You Chris, I will look to join RLA. Indeed it will be handy for any immediate advise or options to explore.... Read More

kaps z

8:13 AM, 27th August 2019
About A year ago

How do we select the best tenants for us?

Reply to the comment left by Paul Shears at 26/08/2019 - 09:40
Thanks Paul. I did emailed them yesterday to confirm us on the additional occupancy if any and clearly stated that no subletting or lodgers will be allowed or anyone other than the named persons on the agreement. Also in order to be safe, i will only get 6 monthly contract and shall that goes well based on our inspection I will move to another 6 or 12 monthly rolling.... Read More

kaps z

7:50 AM, 26th August 2019
About A year ago

How do we select the best tenants for us?

Reply to the comment left by Paul Shears at 25/08/2019 - 08:37
Thanks Paul. Shall I ask them for clarification. If even another person is living with them, as far as they keep the property good then should i be worried ? we have got CCTV cameras in the building to prove if anyone is accompanying them everyday.... Read More