I just do not know what to do first

[debtdebtdebt]

Hi Im new and just do not know where to start. My husband and I are currently renting a property from a friend for a very small rent of just £350 per month. The problem is that our friend needs to sell this property soon and we need to find somewhere else to rent. Our rent payments will have to increase to about £750 - £800 per month.
At the moment some of our debts are with a DMC but not all. If we were to consider an IVA how would we be able to prove our new rent details before we actually move and how hard will it be to pass a credit check for the new property.
I just do not know what to do first. Any advice will be much help.
Thankyou

[Oliver]

You can contact companies now and base your rental budget on equivalent market value in the area.

It shouldn't be too hard to secure a rental property although you may need to seek a private landlord.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[MelanieGiles]

Whenever I am faced with this situation, and it does happen quite frequently, I rely on the website - www.rightmove.com, which gives details on property rentals in all areas of the UK and will indicate a ballpark figure for renting the sort of property you need in the area you intend to live in. It has never failed me yet!

This means that your IP will work on the basis of an estimated figure until you do actually move house, but so long as this has been sensibly explained to creditors I cannot forsee any problems. With the higher rental figure, will you be left with any money to offer creditors on an ongoing basis?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[iva_squirrel]

Good evening,

Your IP will need to work on the basis of an estimated figure until you do actually move house.

If no landlord would consider anyone with a bad credit rating there would be a lot of homeless people around. On the other hand landlords need to protect themselves or they wouldn't be in business.

Being prepared to pay a large deposit and/ or rental up front will show a landlord good intent.

Kind regards,


Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

Visit my website:
http://www.supersonicsquirrel.net

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[tomkeatsing]

Whenever I am faced with this situation, and it does happen quite frequently, I rely on the website - www.rightmove.com, which gives details on property rentals in all areas of the UK and will indicate a ballpark figure for renting the sort of property you need in the area you intend to live in. It has never failed me yet!

That is an excellent idea! Thats is exactly what i do too, but i use http://www.nestoria.co.uk

For example, if i want to know a rough rent cost for a flat to rent in Dorking, i get this: http://www.nestoria.co.uk/dorking/flat/rent

[iva.com]

Hi debtdebtdebt,
I hope that things are becoming clearer now? Let us know if you need any more help.

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