www.iva.co.uk

a hp car - for example my husband has a hp car but whichever way he gives it back he will have to pay the rest off
our house
our bank accounts (i'm with natwest on a basic no overdraft and husband is living off his overdraft with barclays)
our jobs (i work for a telephone company and husband is a drivers mate)

and my main question is if we sell our house how will it effect us getting a private rental property. we dont have a guarantor or anyone who could lend us some money for the first months rent or as a credit reference.

Hello Louisa,

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 regaards,

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

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thanks

what i basically meant was if we had an iva, how could we pay the month in advance deposit and a month in advance.

Hi
When you sold your house it would be perfectly acceptable to hold enough money back to put a deposit down on a rented house.
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

After the sale of your house it would be fair for you to retian enough to put down a deposit for the new rental property and to also fund the house move.

Best Regards
Oliver

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

Hi Louisa,

If your bank accounts are held with any of your creditors, you will need to stop using these accounts and take out new basic (no credit facilities attached) with any other lenders.

In regards to your jobs, you would both need to check your terms and conditions of employment. If this states that you cannot go bankrupt or enter into an IVA, then this will hinder your position.

A car on HP is usually kept in and given a provision in the monthly expenditure as it is a secured loan. The only problem would be if your HP payment is higher than your disposable income but your I.P would discuss this with you.

Best Regards. IVA Experts