Renting a house whi...
 
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Renting a house while in a Trust Deed

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(@dontdodebt)
Eminent Member
Joined: 14 years ago
Posts: 41
Topic starter  

Good Afternoon,

We are hoping to move and rent another house. We moved in to a new area a couple of years ago and rented the existing house before the Trust Deed started and there was of course no problem doing that. However, I'm thinking that it might be more of an issue now. We haven't missed a payment at any stage (2 years 1 month) with our private landlord who I get on very well with and I'm hoping he gives us a good reference.

I notice that reference checks are done by solicitors renting out properties so, is our best option to private rent again to avoid being rejected?

Thanks


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hello DontDoDebt.

This shouldn't be a major problem for you based upon our previous experience.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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Shona Maxwell
(@shona-maxwell)
Honorable Member
Joined: 14 years ago
Posts: 634
 

The fact that you can get a good reference will be of a great help. All any landlord wantis is to get their rent on time! Good luck with the house hunting.

Shona is not currently posting in the Trust-Deed.co.uk forum.


   
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(@dontdodebt)
Eminent Member
Joined: 14 years ago
Posts: 41
Topic starter  

Thanks very much for that, I'll make sure I get the reference!


   
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(@fcwalker)
Estimable Member
Joined: 13 years ago
Posts: 135
 

Make sure you are up front and declare the trust deed on application form. Do you have a friend or relative who could act as a guarantor? I was in the process of changing career when I moved, so could not prove income. My dad agreed to be a guarantor on my application and I had no problems.


   
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(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
 

Don't hide the facts at application stage, the lying will be an issue for a landlord, perhaps more than the fact that you have an ongoing legally settled arrangement.

Landlords want an open relationship with a tenant who respects his /her property as well as the rent paid.


   
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(@trustdeed1)
Reputable Member
Joined: 15 years ago
Posts: 280
 

Hi, I think if you rent privately you should be fine but through a letting agent it is harder. We managed to rent through an agent but we needed a guarentor and we checked with a couple of other agencies at the time and they said the same, they needed a guarentor too.


   
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(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
 

Most private Landlords will carry out proper checks and references too. You don't need to fear that. If they are not aware of standards you probably should avoid renting from them. Someone who cuts corners at the start will do so with repairs, maintenance, insurance and probably the documentation required to make sure things go well for all.


   
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