Food & Drink0 min ago
Renting property
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For more on marking an answer as the "Best Answer", please visit our FAQ.Hi Buggsbird,
I have rented for many years,and the most extreme the letting agent has been with financial references,was to check with my bank, to see if they considered that I would have enough money each month to meet the rent.
As twiglet says,some do not even do this,provided you have the money "up front" for the 1st months rent,and any security deposit required.
what they sometimes do is either ask for proof of employment or maybe a reference from your boss or..as was the case when i rented, was to ask someone to go guarentor so that they know someone will be liable to pay the rent if i couldnt.
It is a bit different to a mortgage as with a mortgage u are asking a bank etc for a load of money on credit to pay them back and if u arent great at paying back and your credit history shows this then they may refuse u, but with renting u arent asking for money, u are just paying for a service as such and all they will need to know is that u are employed and therefore capable of paying for this service or that someone else is capable if u arent able to at any time.
Thats the easiest way i can explain it