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Is it easier to get a rent agreement then a mortgage
rvoice100
Posts: 15 Forumite
We have been turned down for a mortgage even though our credit scores are both good (no late payments etc too) we take home 3500 between us a month. We are looking to rent a house for 1000 a month. Are the credit checks to rent anything like the checks for a mortgage or are they easier to "pass"
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Comments
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If you don't know why you have failed your mortgage application I would check with experience etc to see if there is anything on there, then I would apply with another mortgage company. Different ones have different criteria.
Don't know the answer to your question though - sorry0 -
You need to find out why you failed to get the mortgage. It could be that you failed on affordability rather than credit. And you have the same issue with renting - it is a matter of both affordability and credit.We have been turned down for a mortgage even though our credit scores are both good (no late payments etc too)You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0 -
Either way its a hell lot easier to rent then it is to get a mortage. My OH's credit history is horrible and we had no problems when we was renting.
It was the mortage side that took us a long time to sort. :beer:People don't know what they want until you show them.0 -
That's exactly what I needed to hear something reassuring lol ta x0
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