www.iva.co.uk

I am trying to find a rented property, but I am very nervous about my tenant checks, as I know I am going to fail the credit check due to my IVA. I was upfront with the letting agency when I asked to view the property and I declared my IVA on the tenant application forms after I viewed the flat and said I’d like to apply. I have offered a guarantor upfront who earns way over the required amount, is a homeowner and has no adverse credit history. The letting agency spoke to the landlord regarding my application (so I assume they discussed my IVA and my guarantors information) and the landlord says he is happy to continue with the application and start the referencing.

Do you think I am likely to fail referencing due to my IVA? Even though I have declared it upfront.

Also, it may be important to add that I cannot give a landlord reference as this is my first rented property. I have previously been living with family/friends as I am only 23 years old.

Does anyone have any advice based on experience with renting during an IVA? Sorry, I suffer quite badly with anxiety and this referencing is making me worry a lot!

As they know about the IVA upfront, I would think that this will not be an issue. They will carry on with the referencing to see if anything else comes to light, which is unlikely.
We had one forum member, a while ago, go through this and it turned out that the landlord had, at one time, been in an IVA himself, so understood.
Being in an IVA actually, in my opinion, puts you ahead of other applicants as your finances are well known and scrutinised and the rent has been ring-fenced in your budgetting. Add to this a good guarantor and I think you have every chance of success.

Fri Sep 25, 2020 9:54 amM_peach_m wrote:

I am trying to find a rented property, but I am very nervous about my tenant checks, as I know I am going to fail the credit check due to my IVA. I was upfront with the letting agency when I asked to view the property and I declared my IVA on the tenant application forms after I viewed the flat and said I’d like to apply. I have offered a guarantor upfront who earns way over the required amount, is a homeowner and has no adverse credit history. The letting agency spoke to the landlord regarding my application (so I assume they discussed my IVA and my guarantors information) and the landlord says he is happy to continue with the application and start the referencing.

Do you think I am likely to fail referencing due to my IVA? Even though I have declared it upfront.

Also, it may be important to add that I cannot give a landlord reference as this is my first rented property. I have previously been living with family/friends as I am only 23 years old.

Does anyone have any advice based on experience with renting during an IVA? Sorry, I suffer quite badly with anxiety and this referencing is making me worry a lot!

Hello M_Peach
May i know of you passed the referencing even with IVA?
Thank you

China - unlikely a reply by the origin poster as it was 6 months ago.

Credit checks are completed on rental properties especially if you go through letting agent.

Through personal experience in my iva when we went into rented for 3 years if you can find a private landlord you will have greater chance of acceptance

Sun Feb 07, 2021 1:51 amluluj wrote:

China - unlikely a reply by the origin poster as it was 6 months ago.

Credit checks are completed on rental properties especially if you go through letting agent.

Through personal experience in my iva when we went into rented for 3 years if you can find a private landlord you will have greater chance of acceptance

Thank you Lulu, I tried checking my credit report on clear score, Experian and credit karma and it does not say I'm on IVA yet xx

Check the Insolvency Register as well - these things take time at the moment due to the Covid virus.

Sun Feb 07, 2021 2:06 amChina wrote:

Sun Feb 07, 2021 1:51 amluluj wrote:

China - unlikely a reply by the origin poster as it was 6 months ago.

Credit checks are completed on rental properties especially if you go through letting agent.

Through personal experience in my iva when we went into rented for 3 years if you can find a private landlord you will have greater chance of acceptance

Thank you Lulu, I tried checking my credit report on clear score, Experian and credit karma and it does not say I'm on IVA yet xx

Online search results can be a couple of months out of date -- you need to get a 'live' statutory rteport direct form each agency to see what a search will show in real time.

Sat Feb 06, 2021 9:39 pmChina wrote:

Fri Sep 25, 2020 9:54 amM_peach_m wrote:

I am trying to find a rented property, but I am very nervous about my tenant checks, as I know I am going to fail the credit check due to my IVA. I was upfront with the letting agency when I asked to view the property and I declared my IVA on the tenant application forms after I viewed the flat and said I’d like to apply. I have offered a guarantor upfront who earns way over the required amount, is a homeowner and has no adverse credit history. The letting agency spoke to the landlord regarding my application (so I assume they discussed my IVA and my guarantors information) and the landlord says he is happy to continue with the application and start the referencing.

Do you think I am likely to fail referencing due to my IVA? Even though I have declared it upfront.

Also, it may be important to add that I cannot give a landlord reference as this is my first rented property. I have previously been living with family/friends as I am only 23 years old.

Does anyone have any advice based on experience with renting during an IVA? Sorry, I suffer quite badly with anxiety and this referencing is making me worry a lot!

Hello M_Peach
May i know of you passed the referencing even with IVA?
Thank you

Hi yes I passed the referencing. But only by using a guarantor. I offered the guarantor, they signed the guarantor form and there was no further questions or mention of the IVA

Thank you for the info M_Peach