and here we go again

[dellowwarren]

If you all can remember i have posted before about this place but this time it gets better

The wife and I have been wanting to move out of our flat with my sister and her boyfriend but the fixed tenancy stopped us from doing that so now finally that we can.

I have found a 1bedroom house like right next to heathrow like seriously right on heathrow[ATTACH=CONFIG]58723[/ATTACH]

So basically the rent is 775 and the holding deposit is 894 and the holding deposit is 350 = [COLOR=#444444][FONT=arial]£[/FONT][/COLOR]1769 which i have had to some how make up

They did a reference check and because the wife is on a rolling temp job she does not count and i am the sole renter... have a look at the email they sent me

so [COLOR=#444444][FONT=arial]£[/FONT][/COLOR]1769 + [COLOR=#444444][FONT=arial]£[/FONT][/COLOR]1769 = [FONT=arial, sans-serif][SIZE=2][COLOR=#444444]£3538 that i must organize from somewhere also in mind that i can not get any benefit help as my ancestry visa states no help from the government until i get my citizenship
[/COLOR][/SIZE][/FONT]
Guys seriously I don't know what to do...

The wife does not want anyone knowing about this and meaning i cant ask for my best mate here as a guarantor because she dont want him knowing our personal financial problems

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[INDENT]Dear Octavia and Warren,

I hope this email finds you well.

As discussed with Warren this morning we had your both references back and unfortunately the referencing company was advised by Octavia’s employer that the current employment is only of temporary nature and is not permanent. Therefore Octavia’s income cannot be taken into account. Based on your income, Warren, you can afford up to £615.00 rent per month which leaves the monthly rent short of £160.00 monthly.

There are two following ways forward to go ahead with your tenancy:

- Pay the monthly difference of rent for the duration of your tenancy upfront (11months x £160 monthly difference of rent = £1760). I note here that 1[SUP]st[/SUP] month rent is payable upfront in full and therefore the difference is required only for the remaining 11 months of the tenancy.
- Another option is to provide a guarantor, I attach notes for guarantors should you decide to proceed with a guarantor option.

During the conversation I had with you Warren you mentioned that Octavia has been with the company for the past 3 months on a probation period. I suggest you find out what status of employment currently is. If the company is to offer Octavia permanent position they will need to re-submit the references they provided and in this way clear the situation, however without knowing what the situation is, it is hard to determine the outcome.

Kindly get back to me as soon as possible to confirm the way you wish to proceed.

Eve
[B]Evelina Grigorovic-Aziz[/B]
[B]Lettings Coordinator[/B]
[/INDENT]

[johnsandywhite]

I don't even get that for a year, renting out my 3 bedroom semi-detached house. Move NORTH young man.

[paulsouthport]

Good grief, that's an outrageous rent! As said above - move North! 3 bed semi - £700...

But, assuming you need to stay South.... a friend of mine asked me to guarantor for his rent. Initially, I was OK with the idea, but when I read the paperwork there was no way I could agree to it. Basically, it made me liable for the entire rent for up to 12 months if there was a problem, with the liability being treated as a priority debt. And with no crystal ball I couldn't afford to take that risk. However, after a bit of research it turns out there is insurance to cover that, which the landlord was happy with. It cost my mate £160 for the insurance for 1 year, which is a lot more palatable than the alternative. Ask the landlords if such an arrangement would be OK with them.

[Mark_T]

Sadly the rent sounds about right for the area, my son's girlfriend just moved into something similar not far away for 750.

Rents down here always sound crazy when compared to the north, but then again the jobs/salaries are not always the same either.

Not sure if anything here can help: [url=http://www.propertyinvestmentproject.co.uk/blog/help-i-cant-get-a-guarantor/]HELP, I Can’t Get A Guarantor[/url]

[jimmyhorns]

This isnt going to help much with the rent, but the calculation is done for a reason, and that is to make sure that you are going to be able to make the rent each month.

This isnt just for the landlords benefit, it is for yours also, as often people significantly overestimate what they can actually afford.

When I got my first mortgage back in 2005, my work messed up the letter to the bank, so it looked like i was earning much more money than I was, so the agreed amount to lend was subsequently higher. I bought a house on the limit of what I could afford (according to that paperwork). The issue with this was that although i could make the mortgage each month, and never defaulted, it meant there was no wiggle room in my budget at all for about 2 years, literally nothing left over.

so I guess my advice is, dont just see this as bad news, but as a guide that you might have to rethink what you can afford. Its almost impossible to pluck £200 from thin air each month if you really cant afford it, which is what it is saying. True it hasnt taken into account your partners work, but then as they say, it is temporary so shouldnt be counted.

[dellowwarren]

and here we go again

I have now just looked into insurance and don't know why they could not have offered me that option which it will save us both from any mishaps

I shall email and ask them about if it is a way

I would so love to move up north as I have seen the property values is like super cheap compare to me in London but the mrs has airport experience and wants to try get back into the airport industry which man it's so hard

[Bronek]

[QUOTE=dellowwarren;1006972]I would so love to move up north as I have seen the property values is like super cheap compare to me in London but the mrs has airport experience and wants to try get back into the airport industry which man it's so hard[/QUOTE]

There are plenty of airports outside of London. I live in London and, with the kids in a school, friends around etc., cannot really move, but am really pi55ed at the property market, and costs of living in general, here.

[heathy]

and here we go again

You should get discount for the noise, I wouldn't be able to sleep.

[trillian]

If your wife has a reasonable history of the same kind of temp work maybe you could show that although contractually it is considered temp that it is on-going and has been for some time? 'Just trying to think of another alternative to paying the difference up front.

[one life fly it]

really move up North 400 beer vouchers a month for a detatched farm tied cottage with 1/3 acre garden . For that sort of money you would get a great place. I did rent a place in Hertfordshire for a year and that was only 500 pcm. .kids make friends easily and you can commute .

[johnsandywhite]

[QUOTE=dellowwarren;1006972]I have now just looked into insurance and don't know why they could not have offered me that option which it will save us both from any mishaps

I shall email and ask them about if it is a way

I would so love to move up north as I have seen the property values is like super cheap compare to me in London but the mrs has airport experience and wants to try get back into the airport industry which man it's so hard[/QUOTE]

There is the Robin Hood Airport in Doncaster which actually used to be RAF Finningley where the runway was one of the very few that could land Concord and was also the home of the Vulcan Bomber.