IVA's and Renting Property

[essexmat]

Hi all - hope you are all well.

I would like to ask a question that I hope you can help with if I may.

I rent my property and have been here for just under 2 years. I have a feeling that my landlord will be selling his property shortly so I will need to find somewhere else.

My question is, now that I am 7 months in to my IVA will this effect my chances of renting somewhere else? My IVA payments are always on time and totally up to date and my disposable income covers my rent easily and I am in full time employment with references from them always exemplorary the previous times I have needed them.

Any advice would be gratefully recieved.

[kallis3]

Hi and nice to see you back.

The fact that your IVA payments and rent payments are up to date will stand you in good stead, especially if you can get references from both your landlord and your IVA company.

Check out some of the rental agents and/or private landlords and see what their stance is on this.

It may be that they require a higher deposit or a guarantor, but you should be able to get somewhere to rent.

[Julie]

Hi essexmat,

Nice to hear from you again [;)]

I would also ask your present landlord fro a reference as this will help with securing a new tenancy.

Good luck xx

[crushingdebts]

The posts so far is right, although I totally understand the information you seek is elusive. I spent about a month looking at posts about IVA's starting with my mortgage is...

From what I've been able to gather the issues are as follows. A lot of estate agents these days charge (IMO) extortionate admin fees to do a credit check (this costs them £15-30). In my are a the amount seems to be around £200

However from the paperwork I had most state the credit check is only a problem if it shows adverse information which you didn't declare on the application form. If you do declare it I believe they'd want a guarantor or a larger deposit or rent amount up front.

Private landlords are much less likely to do credit checks and shaft (whoops meant to put charge!) you for admin fees.

I have heard of people on IVA's passing the credit check, and I have heard of people having to get a letter from the IP to state they are up to date with the payments.

The main thing from the landlords point of veiw is if you are going to pay the rent. A reference from the current landlord is a must.

Good luck and hope this info helps, god knows it took some finding!