How will my IVA affect my ability to rent?

foulplay13

I'm about to apply for a rented property:

I have an IVA..

I have Default notices..

I have Mortgage arrears..

(I've stopped paying the latter, it is about to be repossessed)


They want £230 for the Credit check/suitability which is almost certain to fail..

Should I just pay for a guarantor check instead?

RAS

Hi definately post this on the housing and bankruptcy forms, as they have more members.

timberflake

I'm in an IVA and have been for 3 years 8 months. My girlfriend and I recently viewed a place for £800 pcm and they said they would require a guarantor that earned at least £25,000 pa.

If you've got a guarantor that earns a decent wage you may be ok, but it could be different from agent to agent.

I moved in with my last girlfriend to a property that was £525 pcm and that agent was happy for any guarantor, it didn't matter what they earned. I put my mum down who only earns about £12,000 pa and was approved no problem. That was 2 1/2 years ago though.

foulplay13

timberflake wrote: »

I'm in an IVA and have been for 3 years 8 months. My girlfriend and I recently viewed a place for £800 pcm and they said they would require a guarantor that earned at least £25,000 pa.

If you've got a guarantor that earns a decent wage you may be ok, but it could be different from agent to agent.

I moved in with my last girlfriend to a property that was £525 pcm and that agent was happy for any guarantor, it didn't matter what they earned. I put my mum down who only earns about £12,000 pa and was approved no problem. That was 2 1/2 years ago though.

We've just applied for a place, I'll let you know wether it is approved, we had to use a guarantor, and he's earning £29K...

(The rent is £595 pm)

:T

SILENTLUCIDITY

I got a lovely place to rent and am in IVA i was lucky the landlord didnt want to do a credit check....:beer:

foulplay13

foulplay13 wrote: »

We've just applied for a place, I'll let you know wether it is approved, we had to use a guarantor, and he's earning £29K...

(The rent is £595 pm)

:T

The rented property was approved, and we move in on Saturday..


(It is breaking my heart to leave our home of 7 years)


:mad: