I would like to look to moving house and will need deposit

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by p386 » Mon Apr 09, 2018 11:13 am
Hi All,

I am about to run into a difficult situation where I would like to look to moving house.
Now I currently rent in London and to be able to move elsewhere would look to being a deposit of up-to 6 weeks rent which would be around £1000 .

As such I believe this would mean I would be over the amount I am allowed to have in my account which can be seen to needing to give to my creditors.

Can you help or advise how I can look to accommodating this requirement so I can focus on my future and not have to keep worrying about a roof under my head.

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by kallis3 » Mon Apr 09, 2018 11:18 am
You can always ask for a payment break but you may find it difficult to find a landlord who will accept an IVA and could ask for a guarantor.
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by Foggy » Mon Apr 09, 2018 12:44 pm
There is no official limit as to what you can have in your account, provided it comes from legitimate sources (your share of overtime and bonus payments, windfalls under £500 etc.). But, as Kalis suggest. maybe a payment break would help. this will be added back on to the end of the IVA.
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