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  • Questions from a reluctant landlord:

    We're in the process of moving new tenants in, but the credit check has come with no evidence of enough income to cover the rent,as one of them is self-employed with no tax returns etc...

    They have proposed a guarantor, but we've no experience with those, even if we understand how they work in principle - What are the pitfalls here?

    We manage the letting ourselves, if that makes any difference.

    (inb4 slumlord / toryboy etc...)

  • but the credit check has come with no evidence of enough income to cover the rent,as one of them is self-employed with no tax returns etc...

    Find different tenants if you have concerns about this.

  • Part of the problem is that I don't understand the level of risk involved, and can't balance this against
    the opportunity cost of not having someone moving in.

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