Self employed, no proof of income. Will I be able to rent

j2140b_2

Hi there
We need to relocate for work reasons and as selling our house has been slow we thought we would try and rent somewhere. The problem is that every agency we have been to naturally need proof of income. My husband has recently become self-employed and we do not as yet have any accounts as proof. We are also not in a position to offer a guarantor as both our parents are retired and other relative do not own their own homes. We own a house which we will rent out, we also own a flat which we will also rent out and we also own a retail premises from which we run our business. This income alone will give us enough money to cover the rent we will need to pay. Can anyone offer any advice as to the best way we may be able to be considered as tenants. Someone did say to us that we should put together a document detailing all our assets and the rental income we will get from our properties along with a few referees. Our bank also said they would provide us with a letter of support.

I know if we could pay a few months rent up front that would obviously help, however, as our money is tied up I don't think that would really be an option. If anyone has any experience of a similar situation or any help and advice it would be very much appreciated.

Jules

HappyMJ

You have the option of paying 6 months rent up front. They should then issue you with a Section 21 notice straight away and if you fail to save another 6 months rent by the time it is due again they will take action to terminate the tenancy at the end of the 6 months.

Bank statements will help to prove a positive cashflow. A profitable business for tax is not always necessary to get a tenancy as tax planning will make many businesses look like earn much less than they actually do but you must show how you will pay the rent.