Renting with no job

rel77

I have lots of money in the bank that could in theory last me years and a good credit history. Never been in debt.


Does not having a job at the moment mean renting would be difficult?


It would be while I found somewhere to buy a house. I would need a few months. I currently live in my dead fathers house and will also be inheriting 50% of that. Its not sold yet but not sure when I will be leaving it.


Any help would be appreciated on my situation.

Macca83_2

When I moved to a new city a couple years back the letting agent requested 3 months payment upfront when they found out I didn't have a job to go into. I found a job within a week of moving.

Zoology_Dragon

Yes I think a lot of letting agents will accept either a guarantor or six months rent upfront.

searchlight123

as a landlord, i would be most happy to accept upfront the rent for the agreed tenancy period from a non worker. so a year's rent for a 1 year's tenancy would not be an issue for me, but maybe would be an issue to other landlords worried about an on going tenancy after the initial rental period had expired.

Kynthia

A landlord just wants to let to someone who will pay the rent and look after the place. The norm is to prove your income and where you work, however you could try to find one with common sense who can see you have the funds through savings instead. Then you just have to convince them you aren't part of a criminal gang going to set up a cannabis farm and wreck the place. Meeting them face to face, having ID, and saying what your plans are (which sound realistic) will often do the trick.

Lone_Northern_Lass

As other posters have said, landlords and letting agents are usually fine with you paying 6 months rent upfront (for a 6-month tenancy) rather than providing proof of income or a guarantor.

A few years ago, I wasn't working due to ill-health. I had a few thousand pounds in my bank account from an inheritance and was living off that (and therefore not claiming any benefits). I moved to a flat rented through a letting agency and they were happy to give me a 6-month assured shorthold tenancy on the basis of me paying the 6 months of rent upfront. After the 6 months was up, I went onto a rolling tenancy. I can't remember exactly whether they wanted any checks before letting me go onto a rolling tenancy - I have a vague memory of showing them my savings account statement to prove I could keep paying the rent for a number of months more, but I might have imagined that.