Finding Somewhere to Live (1)

Home Repossession >> After A Repossession >> Finding Somewhere to Live (1)

Finding Somewhere to Live (1)

Your options may include:

buying another property
applying as homeless
renting from a private landlord
applying for a permanent council or housing association place
moving into a housing co-op or supported housing
staying with family or friends

If you are on a low income and you move into rented accommodation, you may be eligible for housing benefit.

You will have to tell any lender that you apply to that your last home was repossessed, so getting a new mortgage may be difficult. It may be worth applying to a few different lenders, but you will have to tell them if your previous application was refused. A specialist mortgage broker may be more likely to find a lender who is willing to give you a mortgage. However, in many cases you will have to provide a larger than normal deposit, and may be charged higher than normal interest rates.

Local councils have a legal duty to help some people who are homeless or about to lose their homes. They may be able to provide advice, emergency accommodation and/or longer term housing.Your rights will depends on your personal circumstances, but at the very least, it has to look into your situation and give you advice to help you find a home.

Some people can get help from social services, even if the housing department won't help them. An adviser can check whether this applies to you.

Privately rented accommodation varies widely. In some areas it is cheap and plentiful. And it may be possible to find a place and move in quite quickly. In other areas it can be difficult to find, and may be in poor condition. Rents can be expensive. There is no legal limit to how much landlords can charge to begin with, but there are rules about how often they can increase the rent. Many private landlords run credit checks on prospective tenants. If your home was repossessed because of mortgage arrears it may be more difficult to find a landlord who will accept you as a tenant.

Home Repossession : information and advice on having your house repossessed and how to prevent it

Home Repossession >> After A Repossession >> Finding Somewhere to Live (1)

Finding Somewhere to Live (1)