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Vik

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About Vik

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  1. Thanks for your replies. I think this might be a bit of a learning experience for me. I've already told the agent I want to manage myself which I guess is making them even more uncooperative. So that was a mistake. I've asked them for the inventory and references but yet to hear back from them. The insurance was renewed in January and not cancellable so no getting out of that. It's with a broker rather than an agent, not linked to the lettings agent. The problem with the insurance is because one tenant doesn't pass referencing, he has to pay upfront but the agency says that he can only pay monthly on a periodic tenancy, which is why a need a new TA, then because it's a new TA albeit with the same tenants, referencing has to be done again. Then the broker is saying it's not valid anyway which I don't understand. It's just a mess to be honest. Thanks again.
  2. Hi I let a flat through an agency. It's a 2 bed with 2 sharers. The one guy doesn't pass financial referencing so pays his share 6 months upfront. The other pays monthly. There is only one TA though. The TA is now up and the agent tells me that if I allow it to go to a periodic tenancy, both payments would be made monthly, even though that would be a change in conditions in effect. Also, it also means that my LL insurance rent guarantee would be invalidated. But if I get a new TA (which they want the best part of £200 for!) I have to start again with all the paperwork, references etc to make sure the insurance is valid. I am trying to get answers from the agent but they are not being very communicative. Further, I spoke to the agent that I get my insurance through today and he told me that the arrangement (one tenant paying upfront, the other monthly) would probably invalidate the rent guarantee insurance anyway, although I really can't see why that would be the case and he couldn't tell me why. I don't know if anyone can offer any advice at all. Just seems there's problems whichever way I turn!
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