To verify that your salary is sufficient to cover the rent – part of what is known as the Affordability Assessment.
Articles Tagged: tenant reference
Do you have an affordability formula vs annual salary when letting to tenants?
Yes – There are two common ways of calculating rent affordability: Assessment based on research – Research by the housing and homelessness charity Shelter suggests that a rent that equates to at least 35% of gross annual household income is not an affordable rent. Calculate your maximum affordable rent as follows: Gross Annual Household Income […]
I am currently living in a motor home, what should I put on my tenant reference application?
Living with family and friends
I am about to change jobs, what employer details should I provide for references?
You should provide details for all employers that span any part of the fixed term of your tenancy e.g. you are currently working full time with one employer for the4 weeks, after which you are changing jobs to a new employer but plan to start the tenancy this week – both the old and the […]
Why do you need to contact my employer?
To obtain proof of your income.
I need help completing the tenant reference application form who can I speak to?
If you have any questions about completing the application form or the referencing process, please contact Landlord Secure on 0161 413 3452 and select Option 1
How long will the tenant referencing take?
Typically, the referencing should take less than 48 hours though the actual time is dependent on many factors including: * How quick the applicant completes the tenant reference application * The quality of the data on the tenant reference application * How quick the applicant responds to requests for additional information * How quick referees […]
Can I pay 3 or 6 months rent in advance?
Yes – you can pay rent in advance for the entire fixed term if you wish though we would not normally expect a tenant to pay more than one months’ rent in advance unless a risk was identified in the tenant reference e.g. failed affordability assessment, applicant not lived in the UK for 12 months.
Will Jungle Property give me a reference at the end of the tenancy?
Yes we would be delighted to, however… There is no legal or contractual obligation for a landlord or their agent to provide a reference for a tenant. Where a tenant has fully complied with all the conditions of a tenancy throughout the tenancy we will, free of charge and with the prior written consent of […]
If I have a question about the referencing process who can I contact?
If you have any questions about completing the application form or the referencing process, please contact Landlord Secure on 0161 413 3452 and select Option 1
