What does my annual salary need to be to rent a £800 house?
Asked on May 23 2013,
Home Finance in Southampton |
The standard rent to income ratio that most agents work to is 2.5 x the rent per annum.
Therefore you would need to earn a minimum of £24,000 to satisfy that criteria.
I hope that helps.
Answered on May 28 2013,
I know this has been answered above but may I add that this does depend on the reference criteria of the agent you are renting through. Different agents use different referencing companies so you will need to check with each one but generally it is between 2.5 x - 3 x the rent per annum.
Web reference: http://www.rowepropertyservices.co.uk
Answered on Jun 3 2013,
To rent an £800 property, you would probably need to be earning around £2,000 per month.
Answered on Jun 9 2013,
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