Wasted money on declined guarantors

2 Thanks
31 Posts
2 years ago

Does anyone else also experience wasted payment on guarantors who say they meet the criteria for the credit & referencing checks, but then get declined? I just spent (wasted) £24 on a check, turns out they didn't actually have any income at all. A fine line between lieing and not telling the truth. Infuriating! Before the Tenant Fee Ban, I simply made tenants pay for it, but now we're not allowed to do that. So I'm finding tenants/guarantors don't give a damn and try their luck knowing they don't have to pay. And it just creates a situation where i will begin to refuse any new tenant in future who need a guarantor. I.e. this new system/law just creates more 'discrimination'. Nuts, toally nuts.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.