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?

The Property Podcast

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.

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours.

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.