Renting property

[Buggsbird21]

Hi all. I am moving in a couple of months and would like to rent a flat/house with my partner. We have both had bad credit in the past (late loan repayments etc) and are wondering how much this will go against us when we apply? We can easily afford to rent due to promotions but I'm concerned our bad credit over last couple of years may prevent this. Thanks for any advice

[twiglet4frog]

It depends who u are renting with, some dont both with credit checks, as long as u pay the deposit and have a reference or proof of employment then u should be able to rent quite easily.

[mystress]

Hi Buggsbird,

I have rented for many years,and the most extreme the letting agent has been with financial references,was to check with my bank, to see if they considered that I would have enough money each month to meet the rent.

As twiglet says,some do not even do this,provided you have the money "up front" for the 1st months rent,and any security deposit required.

[Buggsbird21]

Thats good news! Thank you for your replies x

[twiglet4frog]

what they sometimes do is either ask for proof of employment or maybe a reference from your boss or..as was the case when i rented, was to ask someone to go guarentor so that they know someone will be liable to pay the rent if i couldnt.

It is a bit different to a mortgage as with a mortgage u are asking a bank etc for a load of money on credit to pay them back and if u arent great at paying back and your credit history shows this then they may refuse u, but with renting u arent asking for money, u are just paying for a service as such and all they will need to know is that u are employed and therefore capable of paying for this service or that someone else is capable if u arent able to at any time.

Thats the easiest way i can explain it 

[Gef]

I rent privately direct from the landlord. No checks whatsoever.

[Mistopheles]

I had full credit checks, but there's always a way round bad credit (my credit stinks!). A friend offered to be a guarentor for me - last resort, but usually helps if you are desperate.