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question for landlords (also on Legal)

(4 Posts)
birdladyfromhomealone Thu 16-Feb-17 17:33:16

Would you take on a couple of tenants that have both been through divorces and both have CCJ's as a consequence?
Previous LL says they have paid on time for the last 4 years.
tenant reference company have said to decline. (unpaid debt of 9k)

JoJoSM2 Thu 16-Feb-17 17:38:45

Personally, I wouldn't. Unless my property wasn't desirable and I struggled to find somebody else.

specialsubject Thu 16-Feb-17 17:47:16

No. With declined references and big debts like that, you'll never get the essential rent guarantee and legal expenses insurance, and possibly not the other insurances.

Worst case - they move in and then pay no more. Takes six to twelve months to get them out with no income and a cost of about £1500 or more.

birdladyfromhomealone Thu 16-Feb-17 18:34:08

Thank you

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