Practical financial advice please

(4 Posts)
TheConstantLurker Mon 22-Jul-13 17:10:48

splitting and selling house. I will rent. Tiny earnings, some money from house on completion and some potential benefits once alone.
How do you juggle the period when deposits on rental need paid etc before house money through?
Are agents and landlords sympathetic to this situation?
Did you put stuff in storage and stay with family and friends until able to rent? Or use credit/loans?
Thank you

LisaThope555 Mon 22-Jul-13 21:01:31

Take some advice from a local benefits agency - CAB - (Citizens advice bureau) is a good place to begin. http://www.citizensadvice.org.uk/ They will be able to help you work out what you will get in benefits and therefore will be able to afford. If you are able to access housing benefit to cover rent this will direct your property search as many private landlords (those with mortgages on their properties) are not allowed by their mortgage/insurance provider to let to DSS tenants.

CAB will also know the local housing market - and where to go for support with deposits. (Local council can sometimes help with deposits/first months rent etc in private sector - even for those who don't qualify (or get far enough up the list for social housing) but they have critera to be met).

If at all possible avoid credit/loans as this will end up costing you more and cut off that avenue if you need it for other stuff later on. If you can easily stay with family/friends this might give you a more financially secure starting point.

Good luck!

TheConstantLurker Tue 23-Jul-13 10:29:42

Lisa thank you. CAB had not occurred to me.

TheConstantLurker Mon 29-Jul-13 15:45:18

Ok finally saw CAB today and it was totally useless. They could not tell me anything, had no advice and suggested the housing department of the local council.
Now has anyone let their partner live in the house, pay the mortgage (he can afford it, I can't) and rented. Can anyone advise me on whether I would get help with rent? I'm planning on joining the queue to speak to a benefits advisor in the next few days.

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