Calling all Estate Agents and anyone else in the know?

do you know if when applying for a rented property...





a) Are you credit scored


b) If So, what is the criterea


c) What sort of banking evidence is required


d) any other useful information on what i might expect

Calling all Estate Agents and anyone else in the know?
Yes, they do run a credit check on you. First, the details of your wages are checked to make sure that you can afford the property, they then run a credit check to see if your credit is good or not. If it comes back that you are a risk, then you will be asked to provide a guarantor, someone who promises to pay the rent if you don't. They also have to be credit checked, and also have to sign the tenancy agreement as well.





In terms of bank details, you just need to give your branch, sort code and account number, so they can set up a direct debit for the rent.





Assuming that you don't have any defaults of CCJ's you should be fine with the credit check, a couple of late payments shouldn't affect you.





You`ll usually be asked for 2 1/2 months rent up front as a deposit, which you`ll get back at the end of the tenancy if everything is in order when you leave.
Reply:Yes they run credit. each company will have different requirements including employment verification. Most will require that you have a checking account but they probably won't actually check the amount.





best of luck
Reply:A) Can be if landlord prepared to pay


B) Income, if you have credit cards and if they are paid off properly


C) Usually copies of 3 months statements


D) They will probably want employer references, copies of utility bills, proof of identity. Also they will want a deposit probably of 1.5 times monthly rent and first months rent in advance. You will also be expected to pay by standing order.
Reply:They’ll likely check your credit score, but not always. The desired criteria will vary by property.





The other big thing is your employment history. If you’re a job hopper, they may not want you because there’s no guarantee you’ll always be employed (able to pay). On that note, your income matters, and you will need to prove you make enough to pay for the unit.
Reply:a) Depends on the landlord and/or letting agent


b) Depends on the company doing the check


c) May ask your employer to confirm your salary and other employment details


d) If you don't pass the credit check they may ask for a guarantor, or 6 months rent in advance, or simply refuse your application.