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T O P I C R E V I E W
palmsman
Posted - 17 September 2008 : 21:05:53 Having declared myself bankrupt last March, how do I convince letting agents that I can afford a new tenancy? I have an annuity, govt. retirement pension and a large charity to act as guarantor for lease.
4 L A T E S T R E P L I E S (Newest First)
John
Posted - 19 September 2008 : 08:16:23 Hi the letting agent will, I'm sure, have no problem with you as a tenant due to your good record. However, they will know which landlords would or would not accept a bankrupt and obviously the landlord has the final decision. As you will soon need to find alternative accommodation anyway I would bite the bullet and approach the agent asap. You need to be looking for your new home soon.
You do not need to engage the services of a solicitor or accountant. Written proof of your guarantor and perhaps the guarantor's contact details will be enough if the LA and LL are not against bankrupts as tenants in principle.
Posted - 19 September 2008 : 00:14:56 Thank you for your prompt replies.
My current agent and LL are not aware of BR position. Decided a need to know policy best. Present lease since Feb 08 and not difficult to get as previously had A1 credit. LL now says need property some time soon. Thus 2 months notice will come soon.
Question: Do I go to agents and explain the position? They are happy with my exemplary conduct and loved my bank and personal refs last Feb.
Could I visit a Solicitor or Accountant to get them to issue a statement of affairs (which would include the charity as guarantor)? I have saved like H**L so have enough for all the deposits etc.
What do you think?
Thank you again
Palmsman
John
Posted - 17 September 2008 : 23:32:11 Hi
I would agree with BankruptC and add that having a guarantor will certainly add weight to your ability to secure a rental property, even through a main agent.
Posted - 17 September 2008 : 22:35:33 Hi palmsman and welcome to the forum!
Have you tried some of the smaller ones? They are often much more 'BR friendly' than the larger companies. We phoned around a few anonymously to see their reaction and did find a couple who were prepared to help us.
The other option is a private landlord who won't do a credit check.
