Useful Information
Before requesting a viewing and to help you decide if you can afford the monthly rental payments on a particular property please read the following chart. Please note that it is based on gross income therefore before tax and deductions. This is the information used by our referencing company Vouch to assess if you can afford the rent as part of the referencing process. The income of all adults over 18 will be added together.
We also advise that you check on the internet the approximate cost of heating, electricity and council tax for each property. Do not forget to calculate fuel and transport costs if you are looking to live in a very rural area with lack of public transport.
Vouch will multiply the yearly rent by 2.5 to work out what your minimum income/joint income (before tax and National Insurance deductions) should be. For example:
Rent £300 per month you will need income/joint income of £9,000 per year
Rent £400 per month you will need income/joint income of £12,000 per year
Rent £500 per month you will need income/joint income of £15,000 per year
Rent £600 per month you will need income/joint income of £18,000 per year
Rent £700 per month you will need income/joint income of £21,000 per year
If you need any further help and advice regarding the information above please email the office in the first instance to info@swiftrelocations.co.uk.