My father has an IVA. Can he stand as my guarantor for a rented cottage ?

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Kerry.20

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Post by Kerry.20 » Wed Nov 18, 2015 8:46 am
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My father has a iva in place and has done for years . Can he stand as my guarantor for a rented cottage in want to move in to . He earns enough but has this iva
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Michael Peoples

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Post by Michael Peoples » Wed Nov 18, 2015 8:57 am
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He could with permission from his IP but he would fail a credit check. It may be better to find someone else to act as guarantor.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Lisa Thomas

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Post by Lisa Thomas » Wed Nov 18, 2015 3:49 pm
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Not all landlords carry out credit checks so they may not pick up on the IVA but that aside. If you can't pay the rent for any reason your Dad may find himself facing a debt he cannot afford, which could put his IVA in jeopardy. I'm afraid given his insolvency you might need to find another guarantor.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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