The referencing team ask that a guarantor can prove that they have a source of income of around £20,000+ per year, or £8,000+ in savings. This is to ensure the income is sufficient to cover the tenants rent payments (s) if the tenant fails to make payment.
- If you receive a salary, then you are able to send through a payslip.
- If you receive dividends, then you are able to send through payslips, bank statements, letter from accountant or a tax return.
- If you are Self-Employed, or a Sole Trader, you are able to send through a tax return.
- If you are retired, you are able to send through a letter that proves you receive a private and/or state pension with the date and amounts.
- If you have other means of income, you are able to send through proof such as tax returns, bank statements or any other relevant proof/documentation of your means of income.
- If you are not able to prove income, or you don’t have a source of income at this time, but you do have sufficient savings, then you are able to send through proof of savings, such as a bank statement or letter from the bank/building society. Please contact us if you have any questions or need assistance.