Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I have just had an enquiry for my rental property from a lady with 2 children who is about to separate from her husband. They are currently in rented property.
As the decision has only just been made, there is no formal legal agreement between them in terms of how much maintenance he will be paying her and her income alone is very limited given the fact she has young children to look after. She does have someone who could act as Guarantor though, but I suspect that as her situation is somewhat ‘fluid’, and that referencing will be near on impossible.
I would be interested to know what others have done in this situation – maybe 6 months rent up front with only a 6 month agreement to start might be an option but I am interested to know what your thoughts are as there must be quite a number of people in this position.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More