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Rent paid upfront

Louise1919 · 2022-10-21 21:49:22

Hi all, We've just sold our house, the house we were buying fell through and so we'll have to rent for about a year. We won't pass the affordability test so we're thinking of offering either 6 or 12 months rental upfront from the equity. However in these uncertain times we're worried about the landlord defaulting on their…

Comments

lookstraightahead Posts: 5,558 Forumite

22 October 2022 at 5:22PM

Louise1919 said:

Hi all,

We've just sold our house, the house we were buying fell through and so we'll have to rent for about a year.

We won't pass the affordability test so we're thinking of offering either 6 or 12 months rental upfront from the equity. However in these uncertain times we're worried about the landlord defaulting on their mortgage and the house being repossessed. Is there any insurance we can get so that we can ensure that the rental is secure and can't be 'lost'? I haven't been able to find anything.

Thank you.

I think the first thing is find a landlord who is happy with a payment upfront

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