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.
"Just a quick mail to Thank you for the professional and dedicated manner in which kennet close was sold. Plus a Thank you for being involved with the purchase of Warmans close via the not so professional agent in Didcot! (Holding my self back on that subject) I would have sent a mail earlier but unfortunately, Warmans wasn't left to us in a particularly great condition. Although after clearing away the grime and much DIY the house is starting to show it'self as a lovely place to live. Thank you again."