Credit Rating affecting tenancy?

Kerstin_2

I am in severe financial difficulties and I am facing bancrupcy. Obviously, my credit rating is terrible. I have to sell my home as I cannot afford the mortgage payments since my husband has left me (and no, he is not helping financialy). Does a poor credit rating affect my ability to rent a house?

Thanks for your help if anybody is responding to this question.

Regards
Kerstin

catewithers

Hi Kerstin,

DH and I have found ourselves in a similar position and we're picking up the keys to our new rented home on Saturday - so don't despair, it is possible.

It's taken a while to find somewhere but to be honest, most of the complications were due to us having dogs, not the credit rating!

We were really upfront about how poor our credit rating is and the fact that DH has a CCJ - didn't want it to come as a shock when they ran the check. We also offered to pay 6 months up front - a justifiable expense taken out of the equity from selling our house. I don't know if that's a possibility for you. It might help if you're able to provide a guarantor - we didn't have to but I know sometimes it is requested.

I think it may also be more straightforward if you find a private landlord rather than going through an agency. If it's managed by them and let by them I guess they're far more likely to run a credit check so it might not be an issue at all.

HTH. Good luck.

Alan_M_2

As the poster above says, it's likely you'll be asked for 6 months up front.

Kerstin_2

Thanks Catewithers,

And yes, I also have a dog (rather large one as well) and one pre-teenage son. And I thought bankruptcy was going to be hard.

Thanks for your advice.

Kerstin