anyone had difficulty renting with an IVA in place?

[WhereDoLostSocksGo]

i thought this would be a barrier to renting with credit checks but im a full time employed professional with an iva. will it stop me getting through the credit checks with an agency?

thanks

I'm afraid it could be difficult - a lot of rental agreements state that if you're declared insolvent, the rental contract is terminated immediately. If you stick with your current agency, maybe they won't run a credit check?

It depends on what kind of credit check the rental agency runs, but it might be best to contact your IP, and ask them if they've got any advice. Remember, it's in the IP's interests to make this IVA work now that it's been approved, so they're on your side.

oh fuck.

im a professional who works in a very respected industy - i bring in well enough to cover rent and can prove it but is having an iva declared as insolvent?

one agent i spoke to and i fessed up to immediately said its up to the landlord and their credit checks are not that in depth so though i might be ok?
if i cant rent i will be homeless very soon.

i only took a bloody iva because my marriage ended and it was the only to way to sort the debt.

im not with a current agency. i gave up my rented place 18m ago. really worried now.
what happens if im homeless?

I have a friend that rented properties when they were in an IVA - they were totally upfront about it and if I remember rightly they had to pay a large deposit (I think it was 6/9 Months upfront) and they were fine. I do think it's at the landlords discretion though. Good luck Op

i was viewing 2 flats tomorrow. one agent i told i have an iva and also what i do for a living and they were happy for me to view and said its down to landlord
other agent asked if any convictions or bankruptcy and i told them no but do have IVA.
ive been totally upfront. if they want a huge huge deposit ill need to save a bit more.

I'd agree with that - I think that slapping down a large deposit cures a lot of problems, and if you explain to your IP why you're saving up so much money, they'll understand. You're entitled to a house and a (cheap) car, and essential bills. It's not designed to be a punishment, although it feels like it at times!

My tenant has an IVA. He pays 6 months rent in advance, which is held by the agency and we only receive the monthly payment. As a result, we have to renew the contract every 6 months, which costs
us a fortune, but it was the only way he could pass referencing and no one else would have him. He's been a model tenant, been with us for about 3 years now.

I'm sure a tenancy credit check only looks for CCJ's and insolvency. It's not as detailed as a financial credit check.

I would only accept you as a tenant with 12 months rent up front plus deposit. You will find rooms in shared houses where credit checks aren't made. Unfortunately you will be on the insolvency register which everybody can check on line.

ilovewelshrarebit123 an IVA appears on a tenancy credit check.

i am a woman coming up to 50 so past student living in shared houses.

i will just have to see i guess.

i rented before when i left the marriage for 2 years and was a model tenant. rent always on time, i even paid for carpets and decorating for the place i was in.
im sure my previous landlady will give me a good reference - wonder if that would make a difference?

Remember, you are entitled to somewhere to live as part of your IVA, so you won't end up on the street, so the IP can always make provisions.

For instance, let's say you're paying £500 per month and paying your creditors 30p in the £, and half-way through the IVA your car blows up, and you need it to get to work.

Would the IP immediately declare you bankrupt? No - you ask for a new car, agree an allowance (say £1,500) and stop paying into your IVA for 3 months until you've got enough money for the car. Then, they just add the extra 3 months to your IVA, so it now goes for 5 years 3 months.

The only thing that makes the IP worry is if you say you can't return the 30p in the £. That requires a meeting of creditors, and the IP will go out of their way to avoid that.

The key thing is that the car is essential for work - if you happily tell the IP you can easily walk to work, you won't get one. Housing, however, is non-negotiable. You can't work from a tent.

I hope that helps, and good luck!

im paying throught the bloody nose for this iva.

i pay mine at 411 a month and a % of ex dhs at 170 so its far from easy. i think i paid less in debt.

i viewed these flats. why do people think people renting will pay through the nose for sub standard shit accomadation?

dirty sub standard accomodation with peeling floors and paintwork. im not a bloody student. i want a decent standard of living for a decent rent.
am a bit deflated and pissed off.

Shared houses don't have to be student based...

they do round here and ive only seen one advertised on right move and it was to share a house with 3 others - i work really odd shifts including nights and really cant stand the thought of shared accommodation.

im just fed up of looking at shabby places that landlords seem to think "will do" for the rental market. i am looking at places that look decent enough online then in the flesh they are awful. Yesterdays was filthy, and who ever grouted the bathroom wants shooting.