If you are employed, you will need to show a total annual income of at least 30 times the monthly rent. For example if the monthly rent is £900 you need to earn £27,000, to pass. You will need to provide contact details at your place of work to enable your company to confirm your salary.
Self Employed Income: If you are self-employed for less than 1 year, you will need a Guarantor who will be required to pay for the tenancy in advance. If self-employed for more than 2 years you will need either an accountant to confirm your income (accountants reference) or complete an SA302 (Self Assessment) form.
Savings Income: We are able to take savings income into account. However you must have a saved amount that is equal to 36 times the monthly rent that has been in your account for at least 6 months. If you are unable to prove income then we may ask for advance payment of rent or a Guarantor. Your Guarantor will need to prove an income of 42 times the monthly rent. If your Guarantor is not UK based then they must be in full time employment.
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