I've secured a rental property through a letting agent less than a month after being discharged, and my husband still has 3 months to go on his. We were just upfront from the beginning. Tbh I think it goes more on affordability rather than your credit check.

Good luck!

Hi Arabali.

I'm sorry to hear that.

I've no personal experience to share, but I thought you might find this old article useful:

(Link Removed By Admin)

Thanks for the info folks.I was dreading the thought of being able to afford something now and not being able to get it.

Its not ideal TDA but you never know things might end up fine eventually.

Cheers

Sorry to hear of your personal situation Arabali.

I think if you are totally up front with a prospective landlord, and have the required deposits and maybe a character reference, you'll be fine

Way I think of it. If I was a Landlord would I want someone with lots of debt but an OK credit rating. Or someone discharged from a TD with no debts, clean bill of credit line and money to spare who has disciplined themselves over 3 to 4 years. In my eyes the later poses the least risk.

Hey Arabali,

I was able to secure a property while I was still in my trust deed. I was honest and up front about my situation and provided a formal letter to be passed to the landlord via the letting agent to give context to the trust deed.

Still living in the flat now, six years later.

ScotsLad

That's A fair point Kdog7,I'll see how it goes on Monday hopefully it can be sorted.

Ironically its next door to the first cottage flat I ever bought years ago for £34K years ago and had a mortgage of £160 per month,now to rent the next door one is £475.Everyone told me to keep it and rent it out when I bought a bigger house but not me -sold up.

These flats are now selling for £85K ! Who says I'm not good with money [:D]

Hi Scotslad thanks for the comment,when you say a formal letter what roughly did you write, only if you don't mind saying.

Hey, no problem as I still have it. See below:

"Re: Property XXXXX

I am writing to inform you of more information than you can gather from a search on my credit history.

Due to a break down in a previous relationship I found myself as the sole name on many of our shared finance agreements. I was not in a position to make the full payments on these accounts and in order to explore my options I visited the Citizens Advice Bureau to get financial advice. After a few meetings I was sign posted to Grant Thornton Solicitors to sign a Trust Deed.

A Trust Deed is an formal agreement between myself and my creditors to pay a fixed affordable amount towards the accounts. This amount has been set at £250 per month and is reviewed every six months to ensure affordability.

The amount paid is calculated after all other outgoings are taken into account. Rent, council tax and all utility bills take priority in calculating this amount. I feel this ensures that I will be able to maintain my payments on the property above.

I signed the Trust Deed on November 16th 2009. I started making payments on 1st December 2009.The Trust Deed became protected on January 6th 2010. The Protected Trust Deed means the creditors have accepted the terms of agreement and payment amount and that I will not be pursued for payment over and above what I am paying to my Trust Deed.

If you have any other questions, please do not hesitate to contact me on XXXX XXX XXX.

Scotslad"

I like that letter a lot ScotsLad.

Simple, explanatory and honest.

Great letter, and template for others ScotsLad.

Well things have taken at a turn today for me (this isn't really trust deed related but quite amusing)as one of my friends mentioned that he has a flat for rent in the same street so I arranged to meet him only to find that he actually owns the cottage flat I bought 20 years ago so the upshot is I'm now moving back into the first home I owned in March

And he paid 93K for it 7 years ago !