A question about renting in a year or two
Posted: Thu Nov 23, 2017 4:05 pm
A question about renting in a year or two..
My partner and I are wishing to buy our first new home in around 3-4 years time (quite a while I know) but have been informed we should rent a property first to get some sort of reputation of paying our rent on bills on time as we both currently live with his parents and pay cash in hand.
The problem on the other hand is that I have been in an IVA (May 2016), I made a full and final settlement (October 2017) and have received my completion certificate (November 2017) but understand my IVA won’t come off my CR till 2021. But the problem is we need to be at least renting a one bedroom property by then!!!
I am really worried as letting agents have to do CR’s and obviously mine is affected. Do anyone know the terms of what happens in the situation? My partners situation, his CR is brilliant. He wouldn’t be able to put his name on the tency himself as he techianlly wouldn’t earn enough on his earn and for a couple to rent a 1 bedroom property here the income has to be at least over 20k a year and ours are quite over
Tia for any help and advise!
My partner and I are wishing to buy our first new home in around 3-4 years time (quite a while I know) but have been informed we should rent a property first to get some sort of reputation of paying our rent on bills on time as we both currently live with his parents and pay cash in hand.
The problem on the other hand is that I have been in an IVA (May 2016), I made a full and final settlement (October 2017) and have received my completion certificate (November 2017) but understand my IVA won’t come off my CR till 2021. But the problem is we need to be at least renting a one bedroom property by then!!!
I am really worried as letting agents have to do CR’s and obviously mine is affected. Do anyone know the terms of what happens in the situation? My partners situation, his CR is brilliant. He wouldn’t be able to put his name on the tency himself as he techianlly wouldn’t earn enough on his earn and for a couple to rent a 1 bedroom property here the income has to be at least over 20k a year and ours are quite over

Tia for any help and advise!