Rent before or after BR

roller1007

Hello all, im looking at going BR soon and was just wondering whether its best to rent a property before or after BR. I currently have a morgage and secured loans on my current property but have stoped paying them now. Also do i tell my crediots who are hounding me for money that im thinking of going BR? I have already told them a while ago that i was getting adive from the CAB, Any help would be g8t

philnicandamy

It would be considerably easier to rent before BR (credit checks etc) If you did somewhere though make sure theres no bankruptcy clause in the tenency agreement etc......would definatley NOT tell creditors your going BR all that will do is increase the calls/letters etc...if they call just explain that your talking to a debt charity & will be back in touch soon

if the calls continue there is a letter floating around you could send..

MercMan

I've rented before my BR hearing. I've also gone through the contract with a fine tooth comb and found no mention of BR. Which is nice!

Angiepange

Sorry if this is a silly question, but how can you pass credit checks by letting agencys if you have stopped paying creditors before going BR??

In similair situation and finding that lettings agencies want to charge you in region of £200+ for these checks!! Surely if we have missed creditors payments we wouldnt pass the check?

Any advice appreciated

jellygirl_2

I have successfully rented a house after going br - had to put up some rent in advance and obtain a guarantor but it was fine and through a local estage agent. there are plenty of landlords needing tenants at the moment - you could try to rent before going be - i suppose it depends on whether you have a good credit score or not. However you could try private landlords, most of whom dont carry out credit checks.

MercMan

I had to pay 6 months up front so the agent didn't do any checks.

Cluedo_2

Hi

Just wanted to let you know that we rented before the BR so that we were sure had a roof over our heads before our property was repossessed. It wworked out in the end for us, so good luck to you!

clanbailey

hiya I too rented before I went br and before they actually repossessed my house, I was upfront with the rental agency about having to go br and they spoke to the landlord who was fine with it ( I stressed it wasnt due to non payment of essential bills ).

I found renting first made the process of br better as I was not stressing about finding somewhere to live.

Ignore the letters and telephone calls if you are going to go br.

good luck