A verdict of the High Court has slammed the Government’s Right to Rent scheme. The mandatory document checks were called “discriminatory”, with “little or no effect” on immigration.
The tenant referencing process in the UK rental market is often seen as a big hurdle to get over before you’re allowed to rent a property. Most people have no idea what happens when they are being referenced or how the result (‘pass’ or ‘fail’) is reached. Continue reading “How Do Tenant Referencing and Credit Checks Work?”
Here’s a real story of what it’s like to rent a property with OpenRent.
Luke was entering London’s private rental market for the first time, moving in with his three flatmates. They all wanted to avoid the nightmare agency fees they’d heard about! Continue reading “Customer Story: Luke M”
We’ve researched average rents and earnings across the UK, to bring you Rent Freedom Day: the day of the year when you earn enough to pay off your annual rent. Continue reading “Rent Freedom Day 2018”
Universal Credit is rolling out across the UK, with huge consequences for landlords and tenants – yet many are still in the dark about what the new benefit system means for them. Continue reading “8 Things Landlords NEED to Know about Benefits (‘DSS’)”
Tenant referencing checks may seem like a long and daunting process, but there is nothing to worry about as long as you are honest when filling out the details.
Tenant referencing helps the landlord learn more about your financial situation and employment status so that they can determine if you’ll be able to pay the rent in full and on time. Being referenced shows that the landlord is professional and takes their responsibilities seriously. Continue reading “How to Speed Up Tenant Referencing”
Two Kinds of Deposit Protection Scheme
There are two kinds of scheme that landlords can use to register a rental security deposit: custodial and insured.
The main difference between them is simple. Under a custodial scheme, the money is held by the scheme provider; under an insured scheme, the landlord can keep the money in their own bank account during the tenancy.
Confused about rental fees? There’s holding fees, security deposits, a month’s rent up front, admin fees… and that’s all before you’ve even managed get your hands on the keys!
For tenants, it can feel like all parties are trying their best to extract a share of your hard-earned cash.
This post explains everything about periodic tenancies, rolling tenancy contracts, renewals, and what to do when your AST’s minimum (fixed) term is about to expire! Continue reading “Going Periodic: What Happens When a Tenancy’s Fixed Term Ends?”