9:29 AM, 23rd July 2021, About 2 years ago 46
Hi Folks, Some sage advice please:- I’ve just referenced two lovely prospective tenants who have failed the comprehensive referencing.
They’re both clear of debt and have no CCJ’s, there are good previous Landlord’s references and generally all-around decent reports. Both are considered “Medium Risk” according to the reports.
One prospective tenant is currently in receipt of Universal Credit, but anticipates returning to work as a self-employed chef (cooks for private dining) shortly and the other is in full-time employment.
According to the Rent Affordability Calculator, their combined incomes are just about sufficient to cover the monthly rent. Everything else on the reference reports are fine, but the referencing company has suggested that I proceed with a guarantor, which the candidates are unable to provide.
The candidates are offering to pay for a year’s rent in advance.
As I intend to purchase Rent Guarantee Insurance and as a condition of obtaining this, the candidates must pass the referencing, I’m apprehensive in offering them a tenancy.
Any suggestions would be gratefully received.
Thanks in advance!