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.
"I would just like to say a huge thank you to the Lettings Team at Douglas and Simmons. When I needed to rent a property at very short notice they found a lovely house almost immediately and I was able to move in within two weeks. When the inevitable teething problems crept in, they were always on hand to resolve them, even coming round to the property to check everything was ok. Iâ€™ve always found each of them to be friendly, approachable, efficient and very competent and I would have absolutely no hesitation in thoroughly recommending them to anybody thinking of renting in the area."