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Can't rend even with 00000s!
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I don't have more than 16k in total, wish I did!
So not the "even with 00000s" as per your thread title!I can show a bank statement with thousands in but they won't accept it as income!
Hardly surprising really since "money in the bank" obviously isn't income and the relatively small amount you have isn't going to go far when you're talking about two years of rent, a deposit and other bills.Is there anything I can do to improve my chances?
You need to be realistic and accept that your current circumstances mean you will not be at the top of the list for the best properties/landlords. As others have said your best option is to wait until you are working again but I guess that doesn't help that you need somewhere to live before then. If you could stay with family/friends for a few months until you find a job that could be an option. Otherwise perhaps set your sights a little lower and try for a not quite so nice area/property where the landlord may not be so picky; stay there for six months or so, find a job within that time and then start looking again in your preferred area? (In the grand scheme of things six months will fly and the lower rent will also leave you with more in your pocket for when you do move into your ideal place.)Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
I haven't read thoroughly, but my advice is always to go in person to the agencies.
It was some years ago now, but with no steady job, no landlord refs, pets and a lot of 'stuff' we worried about renting for a year or so when we sold our house.
Within 24hrs we had the choice of 3 properties, none of them in the top league, but all commodious 4 bedders in reasonable locations. In two of them, the ads had said "no pets," but the agents explained that this rule could be relaxed at their discretion and with the application of a larger deposit. Of course, we had to pass the usual credit checks and put 6 months rent up front.0 -
Less than 16k isn't enough for a nice house in a nice area. It sounds as if you are looking for the kind of house that has a landlord that won't accept people who are not working and are claiming benefits.
What you have to do is find an area where people who are all claiming benefits rent because that is where the landlords who accept tenants on benefits have their properties. It won't be as nice as the one where working people live because most people on benefits can't afford to make up the rent if it is much more than the Local Housing Allowance so the rents have to be less and the properties not so expensive to buy. A landlord isn't going to let an expensive house cheaply.
16k won't go far. I would be surprised if it covered more than one year's rent and all the other bills. The only way you are going to improve on your accommodation is to get a job.0 -
I think you need to explain, as sparky130a asked already, how you have equity in a property which you don't own?
Where are you living at present?
Apart from that, my best advice is to get a job asap. If you really are a solicitor then I assume you can afford the childcare costs (plus you apparently have child maintenance too).0 -
Im surprised this is such an issue. They're married and so presumably as part of divorce agreement, she gets a share of this property.
What the OP hasn't explained is how she can pay 12 months rent + deposit + have some money left over and still have less than £16k.0 -
Im surprised this is such an issue. They're married and so presumably as part of divorce agreement, she gets a share of this property.
What the OP hasn't explained is how she can pay 12 months rent + deposit + have some money left over and still have less than £16k.
My rent for 12 months is £7700, she could have less than £16k and be able to pay upfront for a year easily. I assume she'll also be using the child maintenance as savings to build the funds back up as if she were paying rent each month.
OP have you looked at gumtree or local facebook pages to see if you can find a private landlord?0 -
It doesn't matter whose name the property is in it is classed as a marital asset and as such OP is entitled to equity from it just in the same way her exH would've been had the property been in her name.
OP, in my rental experience private landlords that don't use letting agents are probably your best chance. Check out Gumtree, local paper, facebook etc. Otherwise you will most likely have to go down the guarantor route.0 -
OP, renting direct from a landlord rather than via an agency may be a better option for you. Agenciess will tend to have more rigid policies, and be less able / willing to be flexible.
You'll be in a much stronger position once you are back at work - do you have any family yo could stay with short term, so that you apply for jobs fits and then properties (this might also give you more flexibility in job hunting, as you can then look to rent close to where you are working)All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0 -
WibblyGirly wrote: »My rent for 12 months is £7700 - Your rent is £641.66 a month? that's very precise, and also in may places not likely to get something for adult and 2 children , she could have less than £16k and be able to pay upfront for a year easily - yes I agree, she could. but the title suggested she had more. And £16,000 isn't a lot from equity in a house if the ex-h is paying £800 a month for 2 kids. . I assume she'll also be using the child maintenance as savings to build the funds back up as if she were paying rent each month. - Well I'd like to think not, as that money is for the children's day to day expenses. Sure some of that is rent, but there's also utilities, food, clothing etc.
OP have you looked at gumtree or local facebook pages to see if you can find a private landlord?
I'd suggest contacting the agencies and explaining the situation. Without being funny millions of single parents rent homes without work.0
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