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Does student loan, grant and bursary count towards income when trying

I will be graduating in May and I live with my partner in a two bedroom terraced house where we are currently paying £760 a month. We are looking to move, and we are not sure if we will be able to qualify for a new rental property. He is earning £20,000 pa and I earn about £4,500 pa from my part time job. But then I also get student loan and grant of £9,000 plus bursary of £3,000. We were however advised that for renting £850 a month place we need to earn £26,000. Do all my student grants, bursaries and loans count towards it?

Asked on Apr 27 2017, Renting in Southsea | Report content

Answers (1)

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  • Hello - I would imagine that the grants, bursaries and loans would be classed as a liability but will not adversely affect your credit rating (providing you are up-to-date with your payments). Landlords would just want to know that you can genuinely afford the monthly rent. Is there anyway you could get a guarantor in place? It might help landlords have a bit more confidence. Also, you should try and get a solid reference from your existing landlord.

    Answered on Apr 30 2017, Report content

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