I need to move but have negative equity

bebobob

Hi, I put this in the Mortgage forum too, but i'm looking for some advice. My job is relocating, forcing me to move house but my finances are in a mess. I am in a DMP so have several defaults from 2009 on my credit file. Plus I am in negative equity because of a First Plus loan I stupidly took out leaving. Which means I have around 10k more owing on the house than it's worth. I am not looking to upsize and have a decent income c38k.
Wondered if anyone has had similar experiences or any advice?
Cheers.

downnotout

you could always look in to letting your current property out, and renting somewhere closer to your new work place? is this a possibility?

bebobob

That is a possibility. What worries me is being able to pay rent, mortgage etc if I can't find a tenant. Maybe that's because of a lack of experience in letting a house.