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Renting with adverse credit

If I pay the rent in advance for the whole term of the lease, is an agent likely to accept that as I do not have a very good credit record.

Asked on Jun 2 2013, Renting in Norwich | Report content

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  • Hi, This will be completely Landlord specific. Be honest about your past but demonstrate your ability to pay the rent in advance. The Agent/Landlord will be more concerned (obviously) if there's adverse credit, but they would be even more concerned if you didn't tell them before booking a viewing! Mark

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    Answered on Jun 3 2013, Report content
  • Hi MargaretBrazear, If you have poor credit history, then there is certainly an option to offer this to the agent, so long as you can prove that you can afford to do so before any contract is signed. There are also other things to consider, however, such as the security deposit (typically 6 weeks' rent) and whether the agent will be worried about payments after the initial tenancy expires if you plan to stay on. Other options available to you might include such things as asking a guarantor to provide a letter that says they will take responsibility legally if you fail to pay, or getting references from old landlords to prove you have always paid on time in the past. Many thanks, Scott

    Answered on Jun 4 2013, Report content
  • Thanks for the answers. I will be able to prove I have the money, but I have never rented before so cannot provide a reference from a previous landlord. The only guarantor I am likely to have is my daughter, but as she lives in Australia I doubt she will be acceptable. The sort of thing I am looking for seems to stay on the rental market for quite some time in Norfolk/Suffolk, so that should work in my favour as well.

    Answered on Jun 4 2013, Report content

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