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Renting / House Advice on DMP
I'm in a little bit of a quandry.
I have been in an DMP since January, however since then, me and my partner have decided to split up, and we're now working out the housing situation.
Our current house is worth approx. £180k, and we have around £110k equity in it, which we have agreed to split 50/50. However, because the DMP is not yet 12 months old, no one will (understandably) offer me a new mortgage. The split of the equity will cover my DMP, which I'll obviously pay off, and leave me with more than enough for a deposit once my credit rating improves.
However, I'm now trying to rent, and I've been advised that letting agents wouldn't touch me because of the DMP, even though I'd be able to provide all deposit payments, and proof of income etc to say I can afford. The DMP wouldn't technically be active either once I'm in the property.
I know that private renters are a little less stringent in searches - Is that my only realistic option at the moment?
Comments
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What shows on your credit reports?
DMPs don't always show up and not all rental check companies have access to full reports and can only see CCJs and bankruptcy.Mortgage started 2020, aiming to clear 31/12/2029.0 -
I've got defaults on the credit report, but no CCJ's or Bankruptcy.0
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