Jungle Property

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 X 0.35 = Maximum Affordable Rent Per Annum If you don’t have an income that exceeds this level you will almost certainly fail the referencing though proof that you have savings of at least 35 X monthly rent would be sufficient to satisfy any affordability…