Renting post bankruptcy

motinter

I am 5 years post bankruptcy.  I have not missed a payment since then and do not have any debt to my name.  The bankruptcy is due to be cleared from my credit file in a years time

I have been renting with a private landlord, but have to leave the property before my bankruptcy is cleared from my credit file as the landlord is moving back into their property.  

Me and my partner will be moving and we have the necessary income to meet the rent requirements.

Will I be able to rent through a estate agents with my credit situation - with a guarantor?  Or will I still have problems?

theartfullodger

I (apologies, evil landlord) had someone who declared bankrupt as a tenant.  Good as gold, never missed a payment, I figure knowing loosing home a v bad idea.

What notices has landlord served on you to go?  Even if valid (many are not) they do not end a tenancy nor compel tenant to leave..  Only court or tenant can do that.

Which country - eg Wales, NI ....?  Different laws and procedures.

Best wishes 

motinter

There is no problem with the current landlord.

I'm just trying to figure out my next steps when I do look for my next rental.

luvchocolate

Some estate agents will require a guarantor or money up front. 
Or try openrent as you deal with the landlord themselves. Also maybe a reference from your current landlord 

fatbelly

When you say '5 years post-bankruptcy' do you mean 5 years since you were discharged?

Usually you are discharged 12 months after bankrutcy is declared.

The entry drops off 6 years after declared date, assuming you have been discharged

motinter

fatbelly said:

When you say '5 years post-bankruptcy' do you mean 5 years since you were discharged?

Usually you are discharged 12 months after bankrutcy is declared.

The entry drops off 6 years after declared date, assuming you have been discharged

Yes.  It will be dropped in October 2024.

I was declared bankrupt in October 2018, discharged in 2019. 

london21

Be honest and up front.

Show proof of income for affordability.

Referencing perhaps paying 6 months in advance if you can or showing proof of savings if you have.

Will eventually get something, a bit competitive at present. 

JesseTheChef

I was 3 years post-bankruptcy when I was moving into a new rented house. It's definitely possible, but be prepared for a few knockbacks, especially when going via an agency. As others have said, be upfront, be prepared to show all your outgoings and incomings, and if you can, show proof of savings. You'll almost certainly need a guarantor (I did).

I did get declined by 1 landlord, which turned out to be a blessing because the landlord who did accept me (albeit with a guarantor) has been really decent. I didn't need to pay a larger deposit or more rent up front or anything, so it was all fine. Don't forget: you can use it as a selling point and it usually means you'll be debt free compared to some other tenants.