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?
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
Tbh OP, this whole situation screams red flags. Why is she a landlord herself but renting with over £2k in bad credit? Like Clare said, absolutely do not let the husband stay as a “permitted occupier” off the tenancy agreement-if things go south, evicting an unnamed adult occupant is an absolute nightmare. Most RGI providers will probably auto-decline her based on the adverse credit alone anyway, even with a solid guarantor. As a first-time landlord, do yourself a massive favor and hard pass on this one to save yourself a future headache.
I and my partner have an IVA and have never missed a rent payment and have been renting since 2018. Some people just have harder lives than others…… debt doesn’t automatically make someone an irresponsible cretin. It shouldn’t be an automatic red flag. I’m a good tenant
