Updating post from Reddit.

1
Posted by xfluroxx 1 week ago
guarantor failed reference check - what to do now?

TENANT

Hi! I really need some advice as this is making me super stressed. Me and my partner have just started the referencing process to rent a flat for £1500 in England.

I have passed referencing however, my partner does not currently work so we have a guarantor. My partner has £167,000 in investment savings (easily accessible in 3 days if withdrawn). He is now having to show proof of this. His accountant is in communication with the referencing agency to confirm this.

His guarantor has just failed the reference check as they have only accounted for the £700 pension he gets monthly which doesn’t account for any of the other money he earns or has saved. The guarantor earns £150,000+ annually but from dividends, shares, investments etc. He is retired. He has easily over £1 million in his account/savings however, this was not accounted for in the reference. His accountant is also in communication with them regarding this.

How likely is it that with proof of savings from both my partner and his guarantor we will be accepted? I am so worried about losing this flat as we are on a deadline to move.

1
3
Posted by dapper_1 1 week ago

"How likely is it that with proof of savings from both my partner and his guarantor we will be accepted?"

If the accountant can show referencing company this data, it should be good. LL might want rental insurance and will need this to get it.

"I am so worried about losing this flat as we are on a deadline to move."

To be blunt, you guys have money, offer 6-12 months upfront.

Reply