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Renting - new place, but on DMP?
razzie50
Posts: 11
Forumite
We have been on a debt management plan with the CCCS for over 18 months now. Our credit history is therefore pretty bad with some defaults/missed payments. Our current letting agents were fine with this.
We have just put in an application for a new property as we are relocating and I'm really fretting about them turning us down! Does anyone know how likely it is? I have explained our situation and offered them the client reference with CCCS to check it out, and could get current LA's to provide a reference.
Can anyone offer me peace of mind?!
We have just put in an application for a new property as we are relocating and I'm really fretting about them turning us down! Does anyone know how likely it is? I have explained our situation and offered them the client reference with CCCS to check it out, and could get current LA's to provide a reference.
Can anyone offer me peace of mind?!
0
Comments
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Sorry I don't know. As a landlord, our letting agent advised they carry out very stringent tests which seem to be more thorough than getting am mortgage. I am sorry that isn't the answer you were looking for. I assume, although I don't know that different agents have different criteria.0
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Be careful, as in my experience (luckily in my case as a landlord), it has happened that a letting agent accepted a deposit or admin fee from a prospective tenant, conducted checks (bank ref, employerref, previous landlord and credit checks), but then, when they failed a check, refused them as tenants but retained their money - presumably this was in the contact they signed with that agent. So check with any agent what their likely response will be be in your case.
On another occasion, a letting agent had a client who they were keen to re-house for 6 Months in a rental property (they were selling his house), but as he had either no history or job and maybe a patchy credit history, suggested that he pay me the full 6 months up front; something I guess few people couls afford.
A landlord isn't obliged to accept an agent's report on a prospective tenant (unless as a condition of rent guarantee insurance) but then why would they use an agent and ignore their advice. So I guess all you can do is come clean with any agents you approach, ask what their checks will involve, or try to find a landlord who doesn't do credit checks; not all do0
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