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explaination of bad credit for prospective LL
gillyliz
Posts: 15 Forumite
I'll try and be brief, Have sold my property to pay off debts, due to complete imminently. Am planning to go into rented but understand credit checks could put off any prospective LL. I have heard that it's a good idea to provide a letter of explaination of my bad credit and steps I have taken to put things right. does anyone have any ideas of how to word such a letter? I will have approx £103,000 in equity from the sale and plan to pay off all my debts which amount to approx £25,000 so will plan to invest most of the sale money. I am divorced with 2 children.
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if you offer to pay 6 months rent up front, that should get most BTL landlords droolingIt's a health benefit ...0
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