credit ratings and moving

TeamLowe · 10 January 2012 at 12:37PM

Hi
My husband and I are paying off debts then saving up for a house deposit whilst renting in one area of our home town. We think in March when the contract is up the LL may put the rent up as it is a lot cheaper than others on the estate (a new build one of only one kind of house, so the comparisons are fairly obvious). If s/he does, then the rent won't be much cheaper than houses in what we consider to be a better area of our home town, so we would consider moving.
However, due to various reasons, we have lived in this house for 18 months in march, the previous house for twelve months and a flat before that for twelve months,so another move would make it 4 addresses in 4 years.
We're concerned that this would affect our ability to obtain a mortgage, but by how much?

details if needed: We're looking to save around 20k, earn around 50k between us and would be looking to buy around 130k. we both have no defaults, ccjs etc and it would be 18 months maybe two years before we have the funds together to actually buy. we're just natural born worriers

Thrugelmir · 10 January 2012 at 1:29PM

You may find that your LL prefers an established tenant rather than the possibility of increased rental income. As your not looking to buy for a while yet. Perhaps suggest to your LL that you are prepared to sign a longer tenancy agreement in exchange for the rent remaining unchanged.

Wh05apk · 10 January 2012 at 1:45PM

Provided you can be traced on the voters roll, numerous address will make little difference, other factors such as credit/income etc will have far more impact.