i am still in my house at the moment, waiting to see how long we have until we have to move, the OR appoints a trustee to deal with assets and you are not thrown out onto the street, you continue with your mortgage payments until you know when you have to go and then i will stop mine a couple of months before to save for a deposit, sign on at your local council and see if they can help, if you give your house up voluntary they will see it as you making yourself homeless and will not necessarily help you, to go to letting agents they request 6 months up front and some request the same a further 6 months down the line, look in local papers or supermarket boards for private lets as they don't credit check you as the letting agents do, others have moved before they have gone BR and handed the keys back to the mortgage company, the other thing to think of is if you have no equity in the house you may by the BI back for a £1 plus costs which at present are £211, look at all your options and good luck.
in regards to your ipa the OR is more lenient in your I+E so be realistic and put everything down you spend per month they will only inflate it or reduce it, what surplus is left will be took as a percentage to your ipa, i had £56 so no IPA so far just a nil tax code for 12 months.
the or will take your current bank cards etc and it will be up to the bank if you can continue to use this accout, i went BR after payday so withdrew everything then opened up a think bank account, but you can try other banks and see who will take you on after your BR these must be opened after the deed.
make sure you allow enough money for the following weeks with your cash in hand to see you through, the main aim of the OR is to now keep you solvent so you don't get in this situation again.
kerri
Please view my blog at:
http://scaredkez.blogs.iva.co.uk/
