Welcome to the forum FinishedMarch15.

I cannot see any issue in principle with this type of move taking place.

I guess you'll be best placed to assess whether it will be possible to rent out the property you own relatively easily. Local estate agents might be able to assist you here. You may also need to speak with your current mortgage lender and buildings insurance provider.

In terms of renting a larger property to live in, the vast majority of people seem to be able to privately rent a new home despite there being some significant problems with their credit history. Here's an article that we wrote on this topic some time ago:

(Link removed by admin).

It should be remembered however that some individual landlords might take issue with renting a property that they own if there are questions about credit history. A mortgage statement confirming that all payments have been made on time for your current property might be a useful way to reassure them that you treat housing payments as a priority.

Thank you so much TDA, it seems there might be light at the end of the tunnel!

I was worried about having to pass a credit check but from what you've said it doesn't look impossible! Think I'll start the ball rolling by making some enquiries with letting agents!

It's certainly not impossible FinishedMarch15.

I think that the absolute key to this is to be honest and upfront with any lettings agent that you speak with from the start, and to be prepared to provide them with information that will reassure them of your capacity and will to pay the rent on time and in full from month to month.

That gives the agent something to work with when they speak to the actual owner of the property.

As you'll potentially be renting out your own property I'm sure you'll be able to envisage how differently that would come across to a landlord in comparison to the issues not being mentioned and then being flagged up by a credit check later in the process.

When we were looking to rent all the mainstream agents wanted a credit check and guarentor. We did manage to get a guarentor but if not then we would have really struggled and would needed to have looked for private let straight through landlord instead.

Also I wonder when you say that it wouldn't affect your husbands trust deed. My husbands trustee takes all of the household income (including mine) in to consideration and all the outgoings and whatever is left is his contribution.

Hi trustdeed1.

I think that commonly the person that isn't in a trust deed would be apportioned a share of the joint disposable income.

It might be different I suppose if all of the joint disposable income were needed to make a trust deed viable and all of the parties agreed to this.