Renting new / more expensive flat after BR?

user1979

t666 wrote: »

i totally agree with you... although I would say maybe try to drop the goal rent of £1300 a bit as I do think the OR might question it.

I had thought about that, but going on the LHA figures of what figures the council would pay in the area, I certainly feel justified that £1300 would be acceptable. I guess it'll all be a case of specific location and what the LHA/market rate say.

I guess my biggest concern isn't not-paying-creditors, it's not-getting-a-3-year-IPA. That way I can put it behind me quicker.

And as I mentioned before, the big bank and big credit card company I'm not going to cry for - I was just reading in the news how they've just paid out millions more in bonuses to their executives.

Good luck to you with your move.... if you're situation is anything like me, getting into a centrally heated flat will be a relief after this winter!

blind-as-a-bat_2

user1979 wrote: »

I fail to see why me wanting to get discharged and be IPA-free offends people.

Thats the problem, and i am only posting this in the hope you do some reading and understand why.

I do understand your goal, but you need to understand that others have got IPA's when they could not afford them, that made no differance, as the IS needs to find the funds, so by 'avoiding' an IPA, others suffer.

Sorry if you do not get that, its a complicated subject, that follows no logic, but if you tried to understand, you would understand why others suffer because others try to 'play' the system, no matter how justified you feel to do so

t666

user1979 wrote: »

I had thought about that, but going on the LHA figures of what figures the council would pay in the area, I certainly feel justified that £1300 would be acceptable. I guess it'll all be a case of specific location and what the LHA/market rate say.

I guess my biggest concern isn't not-paying-creditors, it's not-getting-a-3-year-IPA. That way I can put it behind me quicker.

And as I mentioned before, the big bank and big credit card company I'm not going to cry for - I was just reading in the news how they've just paid out millions more in bonuses to their executives.

Good luck to you with your move.... if you're situation is anything like me, getting into a centrally heated flat will be a relief after this winter!

seconded! Hopefully going BR in March or possibly april at the latest... it will be nice to have a basic flat! The people in my place are so unhygenic too!! Have terrible gangs of wrongns hanging around outside my door every night too
Good luck to you too! praps let me know how you get on... send a pm if you'd rather- avoid all those that seem to be on their high horses tonight!!

onward

t666 wrote: »

Which, for zone 1 or even 2 is going to be a bit of a hike from 450 to nearer the £1000 mark,,,

Whilst I agree with you wanting a comfortable, affordable home (something I believe that everyone should be able to have), why should that have to be in the very most expensive part of London? You can rent for far much less if you move out a little, with some walking to the tube/buses.

t666 wrote: »

it will be nice to have a basic flat! The people in my place are so unhygenic too!! Have terrible gangs of wrongns hanging around outside my door every night too

I agree that everyone should be able to have a nice home - I lived for 4 years in a studio flat with mice (while working - me, not the mice), and I understand issues about crime (I live in Harlesden). However there is a difference between a basic safe, warm home, and pushing for the best you can get so that the creditors get nowt. The second option tars all bankrupts with the "couldn't give a sh*t" attitude that many of us fight against daily.

Anyway, enough troll feeding from me...(not aimed at you in particular t666, but this thread smells like a day out in Borough Market to me...)

shazbo

user1979 wrote: »

(And for a 2bed place, £1300 isn't excessive. I live in zone 4 of north London and pay £800 for a tiny 2 bed place with no central heating - that's far cheaper than the average local price of around £950. Should I move into zone 2, it'd be very difficult to find something similar for less than £1200.)

Has anyone on the board moved house and had problems with the OR because of increased rent?

Hi, we are moving and our rent is going to be more, but we need the extra space desperatly. The OR has not objected, but our rent is not even close to what you are talking about.

However i would just like to ask if you have thought about what you will do if you have to come up with 6 months rent in advance as well as the deposit, because thats what we have had to do and there is mention of us having to pay upfront for the last 6 months too. We have been very lucky in the fact that my parents are able to help us out but you are talking about needing £9,750 up front, if things work out the same in london as they do where i live and thats without the letting agents fees :eek:

dojoman

Oldernotwiser wrote: »

That's the sort of comment that gets bankrupts such a bad name.

Too bloody true, well said!

Jaxb_2

shazbo wrote: »

However i would just like to ask if you have thought about what you will do if you have to come up with 6 months rent in advance as well as the deposit, because thats what we have had to do and there is mention of us having to pay upfront for the last 6 months too. We have been very lucky in the fact that my parents are able to help us out but you are talking about needing £9,750 up front, if things work out the same in london as they do where i live and thats without the letting agents fees :eek:

Then you will also have to have another six months rent in advance when you move back to a less expensive flat after you have been discharged (I gather that is your plan) as the BR will still be on your credit file.

now

Can I just ask what is deemed to be a reasonable amount allowed for a monthly rent? Four of us live together sharing the monthly bills, this works out at £678 each is this to much? our rent is £350 per person. Two of us were made BR through no fault of our own, any thoughts please...... we have informed the OR that we split everything but they think our rent maybe to high, what can he do if somebody else pays the rent?

umgeni

user1979 wrote: »

If I go back to work (which is my intention) I will be paying a lot in Tax and National Insurance, I have absolutely no problem with paying into the system - especially being a leftie.

However I want this whole saga over in 12months, not 3 years. I could do this by not working and continuing to live on benefits until dischared. I'm not prepared to do that. So if it means renting somewhere for slightly more per week when I do have a job and not having an IPA initiated within the 12 months, then that's something I'm prepared to do. My creditors were one bank and one credit card - both included a lot of fees that they wouldn't refund, so I have no sympathy for them not picking up a few quid per month from an IPA. I'm not going to go into my family situation behind my debts on this forum, and I'm not on here asking for sympathy - I simply asked if anyone had experiences in a similar rental situation.

I'm in a similar situation to yourself, and I totally understand where you are coming from.
I haven't gone BR yet, but I will be within the next 2 months and I want it all to be completely wiped clean after 12 months.
I really don't see the point in working hard to give the majority of the surplus over to the OR. I do understand that it goes to creditors etc, but in my case most of the creditors are banks from a business that failed (due to lack of understanding from banks) so have absolutely no guilt about not giving them anything back, particularly when they have caused so much anguish and worry.
I am currently out of work, I have used this time to go back to uni for a year, I will be finished in June and then will be looking for work. I have worked out my SOA and depending on what type of job I get, the surplus ranges from minus £150 to plus £1000. So guess what sort of job I will take for the next 12 months to tide me over? I see it as a period of adjustment, enjoying a year of little stress from work and moving on with my life!
Sorry if I have upset anyone who has higher morals than me, but that's just the way it is!

Classylady2010_2

As Ive stated in another post I feel fortunate that I have some surplus to pay the IPA and a little surplus for myself for emergencies. Most people dont have any sort of surplus.
I got myself into this mess and paying the IPA for 3 years is a small price to pay for my peace of mind.
And if I have a surplus I should pay at least something back, I guess I just look at the IPA differently
classy