£75k salary, landlord wants parents as guarantors

[Sadleaver]

I'm 35, earn £75k a year in a stable industry, as a permanent member of staff. I've been renting for 12 years and have glowing past landlord references. Excellent credit score.

Just agreed a new tenancy on a flat after a stressful 6 week hunt. It's £1250pm. Passed all the reference checks. And the letting agent is now asking for my PARENTS to be guarantors! I have to provide evidence of their income and it has to be above a certain amount. I'm honestly done with this bullshit. This is insane right?

Ability to pay and willingness to pay are 2 separate things and unrelated hence guarantor

My mother’s tenant owes her six months rent. He is on a salary of 65k
My mother didn’t ask for a guarantor because of his high salary.
I understand why people take umbrage with all the extra checks, requirements . However,
having a guarantor is just extra security

Absolutely

@BatildaB Yep and whilst we are at it, can we reference the landlord to see if he has bad credit or is up to date with the mortgage and has buildings insurance and references from 2 previous tenants please

We rent at a highish end and these days I ask for a copy of buildings insurance .

We haven't been asked for it yet and rent at a good level- but are early 60s and have 20 years of references and no rent defaults.

The minute we are asked for it then I will say 'next' - luckily at a slightly higher level than average there are fewer people after the houses.

I find it absolutely outrageous.landlord need to take insurance but I also feel that it needs tightening up so it doesn't take more than 3 months to get someone to leave if they aren't paying rent.

This is completely ridiculous. Bad landlords are a nightmare - I would cancel the application and find another place!

I think it’s fair enough. How would you pay the rent of you lost your job? A good income isn’t an indicator of a good or reliable tenant who won’t default on their rent.

Any sensible landlord would tell you to f**k off and rent it to someone else. There isn’t a shortage of tenants atm.