Is this normal??? | Discuss

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Is this normal???
25/07/2012
1:35 pm
A.L
Guest
Guests

Well I looked at a place today, which is nice, and it's private rented.

But the landlady was so rude to my girlfriend; immediately started getting paranoid that I was moving her in!

Then rang me after the viewing telling me if I moved her in I'd be arguing with my girlfriend because it was a small flat so not to move her in – I've only just met my girlfriend,lol! So no moving her in at all in my eyes.

And then she asked to see my bank statements, not payslips.

Bank statements???

I asked why and she said to see that I'm not reckless with my money… Whatttt???!!!

I'll gladly show her payslips, work reference and previous landlord reference, but not my bank statement !

 

Is this normal to ask for bank statements? And do I have the right to refuse?

25/07/2012
2:02 pm
Cedric
Golders Green
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This landlady seems very creepy to me and I'd probably tell her to shove her flat.

I would never ask for Bank Statements when interviewing tenants - To be honest I'm not interested whether they shop at Tesco, Sainsbury etc.  I would only be interested that they can pay my rent.

If this Landlady is like this at this stage then as sure as hell there is only way this Tenancy is going and it's probably downhill in my view.

25/07/2012
2:07 pm
Geoff
Guest
Guests

Move on mate and look for somewhere else.

Think about how things will pan out with landlord if you have tenancy problems in the future

It is not unusual to ask to see bank statements, but not for reasons given

 

Geoff

@Nosnod

Housing Benefit/LHA tenant advice and strategies to private housing landlords in Leeds and Wakefield

 

“Yesterday is history, tomorrow is the future”

25/07/2012
4:32 pm
Stacie
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Hi A.L

I too wouldn't ask for bank statements unless needed for a Housing Benefit Claim, up to date wage slips usually show whether you can afford the property and if you have checkable references then that should suffice.

I would be very wary and definitely would think twice before committing to a tenancy with this Landlady; as Cedric said If she's like this now, what would she be like if you moved in.Surprised

25/07/2012
7:24 pm
Mary Latham
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Hummmmmm!!!!

 

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25/07/2012
7:45 pm
Paul Routledge
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Double Hummmmmm!!

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25/07/2012
10:43 pm
Mark Alexander - Pro
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You are well within your rights to refuse to provide bank statement. However, the landlord is equally within her rights to refuse to let the flat to you if you don't. In conclusion, it's your choice.

 

Personally, I always ask tenants for copy bank statements. I also visit them in their home. If they don't like that they don't live in my property, SIMPLES!

 

The reason I ask for bank statements is that I want to be sure that my tenants don't bouce checks, direct debits etc. and stay within their agreed overdraft limits. The reason I visit them in their current home is to see how they live.

 

I don't think any of that's creepy, it's just common sense to me. If I'm handing over the keys to a valuable asset I want to be as certain as possible that the person I'm handing the keys to will respect it and pay the rent. They could show payslips saying they earn a million pounds a year but that's irrelevent if they gamble 1.1 million a year and never pay anybody is it? Also, it's very easy to get hold of fake payslips and P60's these days and believe it or not there are plenty of people out there with them. I take the view that if somebody refuses to show me their bank statements there is a good chance they have something to hide. That may not always be the case of course, they may just think I'm asking for too much and choose to live elsewhere. i can live with that though as I offer good quality property at reasonable prices and for that reason I always have the luxury of being very choosy in who I allow to live in them.

 

Regards

Mark Alexander

Founder of Property118.com

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25/07/2012
11:09 pm
Mary Latham
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People used to say "would you buy a used car from this man".  "Would you rent a property from this woman?"

"Then rang me after the viewing telling me if I moved her in I'd be arguing with my girlfriend because it was a small flat so not to move her in – I've only just met my girlfriend,lol! So no moving her in at all in my eyes."

Why would anyone want to live in the property of a person who is interfering in his life AND before he has even moved in?

 

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26/07/2012
10:55 am
Paul Routledge
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Mark and Mary – thank you for posting as it is a very important issue that Tenants may not understand so perhaps I can enlighten them with a story.  A very nice man once took a property from me who had a perfectly good job at Bristol Airport he had no CCJ's a good wage and a nice Mercedes car.  After 2 months of being in the property, the rent started to be later, the excuses started to grow faster and, needless to say,  any questions we asked as to what was going wrong was met with "nothing, nothing, nothing, I just have a few money problems which I am sorting".

We asked whether we could assist in any way via our Tenant Liaison Officer.  He reluctantly agreed at fear of eviction so we asked him to produce all his bills, wage slips etc so we could work out a plan.  He turned up at the office armed with the information and it was only then after looking at his Bank statement did we see a vast amount of credits and debits from Ladbrokes.  Unfortunately, a lot more larger debits than credits.  

Like Lifestyle Referencing, contacting a tenants last landlord that they had not declared is imperative to finding out the history and is part of the overall picture of gaining knowledge to both secure the Landlord and the tenant in their future home.  Bank accounts are again just one more piece of the jigsaw that shows how the money coming in and going out is handled.

I am of the same school as both Mary and Mark that a Landlord should be able to apply for all the information that is available in order to make a fair judgement as to whether a tenant is suitable for the home that is on offer and if by asking for this documentation I am seen as a snoop or creepy then, unfortunately, a creepy snoop I must be especially if it protects my existing tenants.Laugh

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26/07/2012
11:29 am
National Landlords A
Guest
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Hi there,

 

It’s unusual but not totally unheard of for landlords / letting agents to request bank statements rather pay slips as part of their referencing checks. On its own, that is not something to worry about. If you have other concerns though, as it would appear you do, this may not be the best property for you.

 

However, if you do decide to go forward and rent the property, you might want to suggest the landlady uses a professional Tenant Referencing Service 

26/07/2012
3:39 pm
A.L
Guest
Guests

I decided to take another landlord up on the offer. This guy was just interested in deposit + rent and my last landlord ref. and that was it.

Plus, this one is a 1 bed flat, for only an extra £20!

 

Thanks for your assistance everyone! Laugh

26/07/2012
6:13 pm
Mary Latham
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A.L said
I decided to take another landlord up on the offer. This guy was just interested in deposit + rent and my last landlord ref. and that was it.

Plus, this one is a 1 bed flat, for only an extra £20!

 

Thanks for your assistance everyone! Laugh

 

Thank you for the update I hope that you will be very happy in your new home - I am so pleased that you will have more room now you won't argue with your girlfriend  hahahahahahahahahahahaha

 

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26/07/2012
7:04 pm
Amanda Whaley
Guest
Guests

As a landlord, I always ask for last 3 months payslips and bank statements. The reason being to ensure that there is a money/paper trail and the wages are actually going into the bank account. I also check for rent payments going out. I don't think it unreasonable as a landlord to ask to see bank statements. You need to ensure that your tenant can afford the rent, utilities and council tax. If the tenant is bouncing cheques, getting regular bank charges, you need to consider if they are in a  position to pay your rent?

As regards the landlord telling you not to let the flat with your girlfriend is odd and I agree with others it doesn't make for a good landlord/tenant relationship. It sounds like a wise idea to decline it and move on.

 

Good luck in your new property

Laugh

27/07/2012
9:40 am
Paul Routledge
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Checking a tenant for a contract of tenure is no different to a building society checking you for a mortgage. The first thing a mortgage supplier will ask you for is 6 months bank statements, it is the best way to show that you have been responsible with your money and met all the SO's and DD that are called for on your account.

Not wishing to give your applicant landlord or Letting Agent your bank statements could be seen as not wishing to give your last landlords details and will immediately raise concerns.

The best way forward in these situations in both previous landlords or credit problems is to be transparent, tell a future landlord about them, explain why the circumstances of a problem arose and how it was dealt with as a resolve. I have taken many problem tenants because they have been honest, but would never take one if they lied or tried to hide information from me.

27/07/2012
11:16 am
Tenant Referencing
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Hi A.L.

 

Thank you for taking the time to visit landlordreferencing.co.uk and keeping us up-to-date with your situation.

 

Please don't forget to tell your new landlord about our unique Network Referencing service, and once they join us (free) they can upload your details and start to build you a unique Tenant Credentials file; which (as we work alongside Experian) will eventually be able to repair your credit score and show your future landlords what a good rent payer you truly are.

 

Good luck in your new home, from all of us at Landlord Referencing Services. Smile

27/07/2012
7:23 pm
Landa
Guest
Guests

Amanda Whaley said
You are well within your rights to refuse to provide bank statement. However, the landlord is equally within her rights to refuse to let the flat to you if you don't. In conclusion, it's your choice.

 

Personally, I always ask tenants for copy bank statements. I also visit them in their home. If they don't like that they don't live in my property, SIMPLES!

 

The reason I ask for bank statements is that I want to be sure that my tenants don't bouce checks, direct debits etc. and stay within their agreed overdraft limits. The reason I visit them in their current home is to see how they live.

 

I don't think any of that's creepy, it's just common sense to me. If I'm handing over the keys to a valuable asset I want to be as certain as possible that the person I'm handing the keys to will respect it and pay the rent. They could show payslips saying they earn a million pounds a year but that's irrelevent if they gamble 1.1 million a year and never pay anybody is it? Also, it's very easy to get hold of fake payslips and P60's these days and believe it or not there are plenty of people out there with them. I take the view that if somebody refuses to show me their bank statements there is a good chance they have something to hide. That may not always be the case of course, they may just think I'm asking for too much and choose to live elsewhere. i can live with that though as I offer good quality property at reasonable prices and for that reason I always have the luxury of being very choosy in who I allow to live in them.

 

Regards

Mark Alexander

Founder of Property118.com

Property118.comImage Enlarger

 I completely agree and do the same. I added few sentences to my forms for new tenants saying that I will not share any details and keep all confidential. If they still don't want to show me the bank statements then I would now allow them to rent my property. 

KissKissKiss

20/01/2013
7:41 pm
Patricia A
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I would love to be able to go and look at a tenants previous property/ You can tell loads from seeing how they live. :-)

 

 

12/03/2013
7:46 pm
mmm....
Guest
Guests

Avoid. Landlords have no legal basis to ask for bank statement. 

 

Want to know if some one can pay the rent? Then ask for a payslip. 

 

Landlords are not bank managers, not social workers, not teachers, not the police. 

 

The vast majority of peoples priority outgoings will start with RENT, ESSENTIAL BILLS, FOOD, NON ESSENTIAL BILLS. 

 

In that order. So landlords it may be your asset, but not your home. Cant handle that then dont buy and "invest" somewhere else. 

12/03/2013
8:27 pm
Paul Routledge
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I always ask to see a tenant’s bank statement as it shows payment of rent and continuity. Pay slips just show that a tenant gets paid and not if they pay the rent.

I suppose it is horse’s for courses and  like mmm... says avoid landlords that want to look at your bank statements, as a landlord I do not take tenants that won’t allow me to see theirs.  

……………………………………………….

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12/03/2013
10:17 pm
Patricia A
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Agreed Paul R 

 

I was asked to lay my life bare in order to buy the house that i rent out as a business and pay a whopping big (this is usually minimum required ) 25% deposit into the bargain from my own pocket.  Not like the councils who rent out houses paid for by the taxpayer. 

I was examined under a microscope. My bank statements, pay slips, accounts,  credit checks done so why shouldn't i ask for bank statements from a person who wants to rent a £90k property from me with a deposit of £700 and one months rent upfront?

 

 

 

 

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