Need some advice re renting

moneysaver12

I need some advice please

Me and my fiance are wanting to move in together in to a rented house.

At the moment i rent my house through an estate agents and my fiance has a house with a mortage on it.

My fiance owes 120k of debt including the mortage which is 30k, he has go this credit file as he wants to sort out the debts. He has two ccjs and five defaults. He has come to a point where he is going to have to have the house repossed after trying to sell it but unable to as he has a loan securred on it. He is going to speak to a voluntary debt company and get some advice.

The problem is we are going to view some houses and if we see one we like, we will need to get credit checks done, we are going through the estate that i have been renting through for 3 and half years now. My credit is not good as i went br last year and got discharged in november last year. My fiance is not good as above.

What will happen when the estate agents get our credit report back. When i was looking at renting before , they did tell me that i would proabley need to get a granator (sp). Is the fact my fiance has debts going to mean that they will turn us down? What should my fiance tell them? He is wanting to move so we can live together and we need some where bigger than i have now. We want to be honest with them.

Can anyone help please.

princessamy86

Definitely be honest, if you're straight with them it can only be to your benefit in this scenario. Have you got somebody who could act as a guarantor? Have you paid a fee? Don't pay anything until you have spoken to them about the situation (and this is counting on them being honest with you) as there's no point shelling money out for nothing. Will they give you more consideration as you already rent through them? Have you ever paid rent late?

Sorry, I know this is a lot of questions, but need a bit more info! Is there any reason why he can't be added to your tenancy? This would strike me as the easiest thing to do, if you have proved you are a trusted tenant then the landlord might look a bit more favourably on your joint situation.

moneysaver12

princessamy86 wrote: »

Definitely be honest, if you're straight with them it can only be to your benefit in this scenario. Have you got somebody who could act as a guarantor? Have you paid a fee? Don't pay anything until you have spoken to them about the situation (and this is counting on them being honest with you) as there's no point shelling money out for nothing. Will they give you more consideration as you already rent through them? Have you ever paid rent late?

Sorry, I know this is a lot of questions, but need a bit more info! Is there any reason why he can't be added to your tenancy? This would strike me as the easiest thing to do, if you have proved you are a trusted tenant then the landlord might look a bit more favourably on your joint situation.

Hi thankyou for your help.

I could ask my dad, not sure if they would allow him, he owns his house, but is on disabled benfits. My parnter could ask his mum who owns her house but she is retired. Not sure if guarantor would have to be working.

I have always paid my rent on time, never missed a payment. We really need some where bigger, otherwise we would see if he can be put on my tenancy. We haven't paid a fee, i know that if we do see somewhere we like then we will need to pay 25.00 each for the credit check. Not sure if they would give more consideration with me already renting through them.

princessamy86

From my experience, guarantors don't need to be working, just able to prove that they could cover your rent if need be. If they are not going to charge you astronomical fees (sometimes in excess of £200) for a credit check, then it might be worth just seeing what they say after seeing the file. It's possible they would look on you more favourably as you've never missed a payment, so renting through the same agency might be a good idea. Alternatively, you could try renting privately; check the back of the local paper, gumtree etc. You might need to consider paying a few months rent up front if you choose to take this option, but often the landlords are more flexible than the agencies.

moneysaver12

Thankyou very much for your help princessamy, it will be 25.00 each and then i think its the same for guarantors. Hopefully they will look more favourably on us. It such a worry for us.

princessamy86

Fingers crossed for you, although I have to say that if your rent is quite affordable, it might be worth cramming in there together until you get everything sorted. Just go in and have a chat with them first, explain the situation and see what they can do for you. Good luck!

missile

I would suggest it makes little difference that you have been a previous tennant with an agent. Obviously it will be to your credit if you can show you have made payments for your tennancy but ultimately it is the landlord who will decide whether to take a chance on you.

You do not say how he is going to get out of the debts he has accumulated? To be brutaly honest, with your joint track record there must be a risk you will fall into debt again. Is this likely? I would not be happy to ask my disabled dad / retired MiL to accept financial responsibility in your situation.

moneysaver12

princessamy86 wrote: »

Fingers crossed for you, although I have to say that if your rent is quite affordable, it might be worth cramming in there together until you get everything sorted. Just go in and have a chat with them first, explain the situation and see what they can do for you. Good luck!

Thankyou, it might come to where he moves in to where i am living now.

moneysaver12

missile wrote: »

I would suggest it makes little difference that you have been a previous tennant with an agent. Obviously it will be to your credit if you can show you have made payments for your tennancy but ultimately it is the landlord who will decide whether to take a chance on you.

You do not say how he is going to get out of the debts he has accumulated? To be brutaly honest, with your joint track record there must be a risk you will fall into debt again. Is this likely? I would not be happy to ask my disabled dad / retired MiL to accept financial responsibility in your situation.

I understand with regards that it will be the landlords descion. My fiance has spoken to the ccss and they adviced him to get his credit report then to phone them back to get some advice, he is going to ring them today to get the appointment.

The debts i had and the debts my fiance has got were got before we met. I learnt my lesson about getting in debt and won't be doing that again. My fiance has learnt his lesson too and won't be getting in to any more debt he just wants to get the debt he owes sorted out.

We are not wanting my dad or mil to take financial responsibilty, i have never missed a rent payment and my fiance has never missed a mortage payment.

princessamy86

Asking your dad or mil to be a guarantor is asking them to take financial responsibility, even if you don't plan on missing payments you never know what might happen.

princessamy86

Oops, sorry just re read your last post: if your fiance has never missed a mortgage payment then why is he on the brink of repossession?