ASK267: The estate agent says I can’t view without giving them a bank statement – is this right? PLUS: Should I increase the rent again?

Rob & Rob are back this week with another two amazing questions, one that we can’t even believe was an actual question!

Our first caller this week is Kathy who has a question on viewings and proof of funds. 

An estate agent has told her that she can’t view a property unless she gives them proof of funds. 

Erm, excuse us, what?!

Naturally she’s a bit apprehensive about this and rightly so because sending over a bank statement is highly confidential. She’s also worried that if she views multiple properties with multiple estate agents she’s going to have to do this every time. 

Is this a normal thing or should Kathy look for a different estate agent?

The second caller this week is Fabian.  

He’s the owner of a buy-to-let property in Nottingham and he currently rents it out at £750 pcm. 

Fabian thinks that he’s actually renting this property on the low side as other properties within the area are going for £800 pcm plus, his property is fully furnished. 

So he wants to know what Rob & Robs thoughts are on increasing the rent, especially in the current climate - and considering his tenant always pays on time and hasn’t had any faults. 

Should Fabian increase his rent for the second time in a year during a pandemic? 

Tune in to find out.

 

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