Prospective tenant with adverse credit for Rental Gaurantee Insurance

Landlord Discussion
1

Hello There,

1st time landlord here. would be appreciated for your invaluable advise.

-one of the tenant has adverse credit of 2100 pounds

-she herself a landlord

-affordability passed

-can provide gaurantor who is a landlord himself and his income passed affordability check , 3x rent

-her husband occasionally visit uk as he work abroad most of the time, she doesn’t want to include him on rental agreement but want him as permitted tenant

- she want to include only her name on rental agreement

Is this scenario eligible for RGI insurance?

Another advise on accepting tenants on benefits,

-if tenants passes affordability with major income from benefits, can RGI applicable on those profiles?

Thanks a lot

2

@Srikanth5

You’d have to ask the RGI insurance providers with exact details and they would decide if the adverse credit ruled the person out

Same for tenants on benefits- will depend on their circumstances eg if a guarantor meets affordability instead if needed, whether they have had any CCJs in last 3 years etc

Good luck

3

Hi

I would look for a different tenant as you condo have a problem if he isent on the agreement but will stay there from time to time .