rental & iva ?

999frogs

hi all,
1/2 way through my iva, no defaults, and I find I need to move house due to change of job. Just wondering how I will stand with letting agencies etc ? Presumably they will do credit checks ... can I move or am I stuck where I am
Thanks kind folk

UpToMyNeckInIt

One of the advantages of letting is that it is easier to up-sticks and move with work etc.

As you say, letting agencies will usually credit check you, and on the face of it, you are likely to 'fail' this.

Other people with this issue have either:

1). Gone direct to a Landlord (who is less likely to do such checks); or - and this is probably your best bet

2). Been up-front about their IVA to the letting agent. It does after all, make allowances for rent, and presumably as a good, non-defaulting tenant, be able to get a reference from your old Landlord.

In some respects, because of the allowances made for rent, living expenses etc. you could argue that you are less of a risk than many other private tenants, as you are only repaying the portion of your debt that you can afford.

As opposed to the average Joe waist-deep in debt that they cannot perhaps afford. Even though this person may look better on a credit check, they may be more likely to default or be late paying rent.

Be prepared to make your case accordingly. Hopefully you will find a sympathetic agent, but be prepared for a few knock-backs as well.

Good luck.