Hi Tenant she is self employed and her grantor fail there credit check
Even though the grantor has good saving and a property owner .
What do you think has gone wrong in there referencing
And do you think I should take this tenant and give them a contract .
The only think that I can’t I have insurence to cover me for any problems in future .
Any advice please .
Han
Their income may be too low to pass, or they may have poor credit, CCJs etc. Does the report not tell you?
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Do not take the risk, I am currently going through the eviction process now because of deciding to take on a tenant with guarantor in this position. If they do not pass affordability checks alone I wouldn’t risk it again.
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Thank you for your respond . The tenant: has problem with affordability not enough for the rent asked . And no rental history . The grantor also problem with affordability, even though they have good saving
Refereeing don’t look at saving they look at monthly income .
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Personally I only pick tenants who pass all credit checks, and always require a guarantor who does the same. I am risk averse.
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Correct. Savings can be false indicator. Might not even be the guarantor’s money. Proved regular income much more important.
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Thank you everyone 
Again another thread showing the lack of understanding of the market by the government. A three or six month deposit would probably have given the landlord the confidence to go ahead and would have provided the tenant with a home. Without that larger deposit you should not proceed with the proposal.
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I think LLs now have to more than ever stick to affordability, I only take tenants who have good credit score as well as good home ownership guarantors
Nothing less and slight dowt I refuse as as I would rather lose a months rent than have to evict due to money issues
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I have taken tenants who have narrowly failed referencing in the past, but I would be much more cautious now. So hard to do this I know.
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“Savings” mean nothing unless you understand where they came from, its easy to borrow money from a friend for a month to fool landlords. Owning a property means nothing either as no cashflow from it, it only gives you some way of finding the guarantor at a fixed address should you need to sue them. Thats why credit checks want to see income flows.
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Just ask for full 6 months rent up front , I had this issue as the failed reference guarantee and I have the money but my income is not regulated so credit checks are not easy for us ! However I was prepared to pay up front to show my commitment , ask her the same , then go to monthly of good tenants
Regulated? Do you mean regular? This is scary for any landlord, once 6 months is up then what?
Rent in advance is soon to be a thing of the past, this is the only hope for some people.
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Hi
I asked for 3 months deposit .
They said no way .!!!
Then later in discussion oh can I allay for housing 
I laugh lowed assign of not paying no rent god knows for how long .
Is very tricky now days to rent your buy to let property to anyone…. Changes of the low and the economical crises is not helping anyone .
How do you pic your tenant
Through open rent Or others ?
Its illegal to have a deposit of more than 5 weeks rent.
I advertise on openrent yes (the paid for listings), then whittle them down by asking questions or usually by speaking on phone (typically around 80 enquiries in first 2 weeks). I dont usually do many viewings.
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Frankly you appear to be unqualified to be a landlord.
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Hi Graham
Good morning to everyone .
Is this Statment to Hanna?
Hanna she is a landlord since the 80s
Then were easy days .
Regards
You. You cannot ask for a 3 month deposit. You need some very basic landlord training, you appear to not understand the law.
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