rentals

8 replies

kay06072021 · 29/04/2021 19:40

Hi guys, i’m absolutely clueless and really stressed out.

my baby is due in 10 weeks and although we’ve been looking for a rental for a while, we still haven’t found one. We have 8 properties to view this week and hopefully we will find the right one.

my question is, is it acceptable to put an offer in on more than one rental property and then withdraw it if we get accepted for one?

for example, we have one we really like, so would like to put an offer in, but then we don’t want to miss out on the other properties because we didn’t put an offer in.
so if we put in an offer for more than one, and get accepted for one of them, is it okay to withdraw offers on the other ones?

OP posts:

Beeeeeeeeeeeeeep · 29/04/2021 19:46

You don't really put offers in on rentals - you put down a holding deposit if you want it and if you pull out you lose it. So if you don't mind losing a deposit then you could do that.
If you mean express interest in a property for the agent to discuss with the landlord then of course you can do that with more than one I guess

Changingwiththetimes · 29/04/2021 21:52

Yes you do put offers in on rentals! If accepted you then go through a credit check, so not sure if going through multiple credit checks affects your rating. But it depends on the market- here rentals are so scarce people are offering over just like with buying houses, or six months up front.
When you make an offer it usually is decided pretty quick so not sure you need to do the multiple thing, and I would think if the same agent it is unacceptable.

murbblurb · 30/04/2021 16:48

England - the reason for the holding deposit is due to the tenant fee ban. Once you put down a holding deposit the landlord will pay for checks and references. You will lose the deposit if you pull out for no reason or didn't disclose something important (e g a ccj). If the landlord decides not to rent to you the deposit comes back, or if they do something wrong. All online.

If all goes well the holding deposit either comes back or is part payment of your main deposit. You choose.

Pick one and go from there. Read how to rent.

Beeeeeeeeeeeeeep · 30/04/2021 16:54

@murbblurb

If all goes well the holding deposit either comes back or is part payment of your main deposit. You choose.

Pick one and go from there. Read how to rent.

They have had holding deposits since I've been renting 20 years ago, they are nothing to do with the tenant fee ban

surreygirl1987 · 30/04/2021 17:42

Yes you do put an offer on. In fact, you don't HAVE to offer the asking price for a rental. When we were looking recently, there was a space on the apication form for 'offer' (we just put down the rental asking price). For one, which has lots of applications, we were asked if we would like to increase our offer (we didn't). The holding deposit means that they take it off the market and it is officially earmarked for you, but you lose it if you change your mind. I guess it depends how much you are willing to lose. Our holding deposit was £250.

murbblurb · 30/04/2021 20:03

oh, all right. The reason NOW for holding deposits is....

Jeez.

Beeeeeeeeeeeeeep · 30/04/2021 20:09

@murbblurb

oh, all right. The reason NOW for holding deposits is....

Jeez.

How can that be the reason NOW for something that has always happened? The reason for holding deposits is so that people don't waste landlords' time by applying for properties then pulling out. Nothing to do with tenant fees.

Alwaysmoving2 · 01/05/2021 08:17

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