10:38 AM, 17th July 2020, About 3 years ago 12
Hi All, We have our flat advertised for tenancy and we got a couple who are interested to move in. We asked for all the relevant info for the reference check from TenantVerify, but also asked for last 6 months bank statement/payslips, which they happily provided with no delay.
One partner has just started working after Uni in Dec 2019. The other partner has been in employment since Feb 2019.
The total household income is 40k gross. They were previously living in a shared accommodation paying £450 each, totalling £900 so moving to our flat which is for £750 made sense for them. Rent payments for the last 6 months were on time as I could see on the bank statement.
The only concern I had is affordability, they both have a bank loan. Their balance is showing in (-) must be due to bank loan which they did make it clear in the Tenant Verification form. I have not yet submitted the reference check as I noticed this affordability issue. They have provided rent guarantor on the papers, not sure what the relation is so far, but can ask and get them for verification too if required.
Is there any income to rent ratio you look to for affordability?
Any advice here what we should do.
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