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My house is being repossessed, how difficult will it be for me to rent a property?

Since the repossesion order came through I have secured a substantial pay rise at work, payment of rent will not be a problem.

Asked on Apr 26 2012, Renting in Stockport | Report content

Answers (4)

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  • If you rent from a private landlord, they don't usually run a credit check, so you should be alright as long as you can make the rent and deposit needed. With a company, they usually do a credit check, so it might be an issue. You could use a guarantor, if that is an option for you. If you are having difficulties finding somewhere, speak to shelter. Try looking on gumtree, loot and local papers for private landlords. Best of luck.

    Answered on Apr 26 2012, Report content
  • Consider temporary accommodation as a 'property custodian'. this is where you get reduced rent in return for looking after a property for someone. Landlords find this works out better for them than having a place lying dormant, and at risk of 'squatters'.

    Answered on Apr 28 2012, Report content
  • I dont think it will be held against you. Some lenders may be lenient - was yours a main stream lender? And what you must recognise is they will try and keep your losses to a minimum. Did you have any equity in it?

    Answered on Jul 22 2012, Report content
  • It may make it difficult to pass referencing with an agent. Has the house actually been repossessed yet? I have contacts that would be interested in purchasing property and can stop repossessions.

    Answered on May 22 2013, Report content

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