An angel tenant fails credit check
Asks fellow landlords to take a moment to give good tenants a good reference so they can move on without hassle
who won’t give a reference for their tenant until they have done a final inspection of their property to make sure it has been properly looked after, and I appreciate their diligence. However, in many cases landlords simply can’t be bothered to provide a reference. Of course it is a drag for the tenant, who automatically fails the credit check and can then be rejected by their next landlord.
Some landlords are nervous about taking tenants who have failed credit checks because the tenancy won’t be eligible for rent guarantee insurance, unless the tenant is able to provide a guarantor. This is a whole lot of extra hassle that could have been avoided.
I rarely buy insurance to guarantee the rent because I trust my instincts. If I think I have got a good tenant, then I don’t think I need the insurance. If I think there is a risk that the tenant might not pay the rent, I don’t take them in. But some landlords take out rent guarantee insurance for the extra peace of mind it offers. The point of this story for landlords is that they should give a good tenant a good reference — and make all of our lives a bit easier.
£462 per week: relocate-me. co.uk has a twobedroom luxury apartment with 24-hour gym access to rent in the Royal Arsenal development in Woolwich SE18 (020 8012 3986)