06-24-2025, 12:18 AM
I'm a bit out of touch with all the rigmarole surround this topic. My mum is selling up in Cornwall and moving closer to me so I'm looking for places for her to live.
There's a few flats and 1 bed houses nearby and the estate agent is telling me one needs 30x monthly as annual provable income. Errr... basically to rent a £1000 per month property that's a £30,000 a year income, something to do with landlords insurance. My mum doesn't have that sort of income but she does have all the money from selling the old house (at some point when the exchange goes through.) Surely that could be taken into account? TBH the estate agent wasn't super helpful explaining any of this.
Oh and on top of that 1 year of rent up front. Is that a normal state of affairs these days?
There's a few flats and 1 bed houses nearby and the estate agent is telling me one needs 30x monthly as annual provable income. Errr... basically to rent a £1000 per month property that's a £30,000 a year income, something to do with landlords insurance. My mum doesn't have that sort of income but she does have all the money from selling the old house (at some point when the exchange goes through.) Surely that could be taken into account? TBH the estate agent wasn't super helpful explaining any of this.
Oh and on top of that 1 year of rent up front. Is that a normal state of affairs these days?