OK so, I know we have a great meetings of minds here, so hopefully someone, somewhere can help!
We have recently decided that we need to get out into the big wide world and get a family place of our own, currently we are living with the better halves parents, four adults and two children in (what is in essence) a 2 bed property with not much more than a large wardrobe of a room off the back of our bedroom. The time has come that we really need to break out and could do with it being a relatively quick embarkment, but things are against us.
It seems that to do anything you need a mahoosive amount of money to start (be it renting, or buying, mass deposits are a minimum). Whilst however, we could probably build save funds in the interim to build a deposit / agent fee's, it seems that something is against us! My credit score has swung relatively quickly from Very Good / Excellent to poor over the last few months. I suspect this is down to a few standard factors, inclusive of taking out a contract phone, and requiring a small 0% interest 'loan' / finance to purchase some medical gadgetries. All my payments go out on time, and none come back less than satisfactory for my various forms of credit, but I suspect that because I have asked for a cheaper answer over the last few months, this is the reason that my score is now dull and no longer as shiny as it once was. it would save me more money over the long term, but seems to have distabilised my credit rating in the short term. I have no doubt that this will recover over the next few months, however I would hope to leave in the next few months!
The problem is I don't want to gamble £300 odd quid on an agent doing a credit check, to find I am only a few points shy of their minimum level, but I could do with some help in the immediate term.
I work, and bring home a relative wage for the financial climate, but don't have sufficient saved to pay the deposit. Local "rent bond" schemes offered by councils mean you have to be unemployed to be accepted outright, however, you need to be threatened with / evicted to become immediately under there care, and we have a certain area of the local region that we need to be in for work purposes, and my sons education, so we cant really be offered the councils only offer, around 30 miles away (as their 'homeless' policy states) and I would hope we don't need to get to that answer.
We could manage on our own but its the credit score that is the short term concern...
Has anyone found themselves in a similar position, and what was the outcome that you achieved and how? Ideally we would like to get a place of our own much sooner rather than later, but we would want some sort of guarantee of tenancy (none of this "I'm bored, I want my house back to give to the dog, therefore you have 3 days to get out!" melarky) but we do however know that we will never get the perfect house, at the perfect price, through an agency without the risk of £300 lost immediately.
So - whats your thoughts? what could I do to allow myself to get a roof over my head, without having to be evicted / sacrifice my job to get further assistance, and how have you managed this yourselves if you have been in a similar position?
Also for reference, My dear wife is a full time mother, and has no career, so it is entirely down to my income to maintain the family...
All serious thoughts are welcome