It varies TT. Some asgencies run just a basic ID and address search, others do a full credit check. However, if you are honest with them they can sometimes accomodate IVA applicants by either increasing the deposit or more months rental upfront.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Yes, it is possible to rent in an IVA. The agency may run a check on you which is why sometimes it is better to use a private landlord.
You may find that you either have to find a guarantor or put up six months rent in advance.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
We will need to go through an agency really due to it being a re-location so the internet is the source we are using to find suitable property. Trouble is we need to let our present house out first so we know we are in a position to go, so it could get tricky.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Best thing to do is be upfront - they will do a credit check so best they hear it from you. As Foggy says you may have to pay a few months up front (sometimes as much as 6) or find a guarantor to back you up. If you are willing to do so and the agent you speak seems resonable you could show them your basic I&E budget showing the rent built in so that they can see you have planned this and can afford it. The reality is you are probably a safer tenant than someone who hasn't got a clue what their budget is.
Let us know how you get on.
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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Hi - I'm living proof it's possible to rent whilst in an iva! Are you both in ivas? If not, one can get the rental in their sole name. If you are both in the club, just be upfront with a couple of agencies and start searching with those who can work with you. They may be reluctant initially but probably because they dont understand what it is. The iva can be mitigated by a double deposit, a guarantor, six months upfront or paying slightly over the odds. It is more difficult with an iva but there are ways around it!
Many of my clients have been successful in securing private rentals whilst in an IVA, but most letting agents have a duty of care to their clients to perform thorough credit checks, so it is best to be up front with the agency about your financial circumstances. A reference letter from your IP confirming that you have maintained a good payment history could be useful.
Just found this as my gf and I are thinking of renting a place together later in the year and she was worried about my credit rating. Given us some hope.
Hope you get it sorted Tom and I look forward to hearing you have been successful!
1st payment Oct 2008, last payment Dec 2013. Certificate received March 2015 due to PPI claim.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
