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How can I obtain a proof of income for a rental application?
Posted: January 25th, 2024, 11:17 am
by carter535
How can I obtain a proof of income for a rental application?
Moderator Message:
Moved from Financial Software to DAK. As this is a straightforward question, extended discussion should not be needed (chas49)
Re: How can I obtain a proof of income for a rental application?
Posted: January 25th, 2024, 2:13 pm
by dionaeamuscipula
carter535 wrote:How can I obtain a proof of income for a rental application?
What is/are your main source or sources of income?
DM
Re: How can I obtain a proof of income for a rental application?
Posted: January 25th, 2024, 3:49 pm
by Gerry557
And who needs this proof
Re: How can I obtain a proof of income for a rental application?
Posted: January 25th, 2024, 4:37 pm
by modellingman
carter535 wrote:How can I obtain a proof of income for a rental application?
Welcome to The Lemon Fool.
Usually it will be the documentary evidence that normally accompanies your payments of income. For example, payslips or dividend vouchers. Between 3 and 6 months of recent evidence will typically be required. Failing that a letter from a current employer confirming your salary/wage level or copies of recent bank statements are normally acceptable though it will generally be in your interests to explain why you are not providing accompanying documentary evidence.
The landlord's perspective (and I am one) is that the applicant needs to demonstrate they can afford and will pay the rent. There are factors beyond income involved in the landlord's decision as to who gets accepted as tenant but as this is DAK I won't expand on these for the time being.
modellingman
Re: How can I obtain a proof of income for a rental application?
Posted: January 25th, 2024, 4:53 pm
by Lootman
modellingman wrote:carter535 wrote:How can I obtain a proof of income for a rental application?
Usually it will be the documentary evidence that normally accompanies your payments of income. For example, payslips or dividend vouchers. Between 3 and 6 months of recent evidence will typically be required. Failing that a letter from a current employer confirming your salary/wage level or copies of recent bank statements are normally acceptable though it will generally be in your interests to explain why you are not providing accompanying documentary evidence.
The landlord's perspective (and I am one) is that the applicant needs to demonstrate they can afford and will pay the rent. There are factors beyond income involved in the landlord's decision as to who gets accepted as tenant but as this is DAK I won't expand on these for the time being.
A tenant applicant once offered me a copy of their self-assessment tax return, which was odd but I accepted it. Maybe useful for those with more non-standard income?
Of course a well organised applicant trying to impress would bring a package of information with them, including CV, references, rental history and financial summary.
Re: How can I obtain a proof of income for a rental application?
Posted: January 25th, 2024, 5:23 pm
by Alaric
Lootman wrote:A tenant applicant once offered me a copy of their self-assessment tax return, which was odd but I accepted it. Maybe useful for those with more non-standard income?
Of course a well organised applicant trying to impress would bring a package of information with them, including CV, references, rental history and financial summary.
Hopefully a summary rather than the full multipage output.
It wouldn't contain tax free income in ISAs though.
What do you need for a mortgage application these days?
Re: How can I obtain a proof of income for a rental application?
Posted: January 25th, 2024, 5:45 pm
by chas49
Moderator Message:
I suggest a pause on further discussion here until/unless the OP returns with further questions/information (chas49)
Re: How can I obtain a proof of income for a rental application?
Posted: January 26th, 2024, 11:04 am
by mc2fool
david634 wrote:carter535 wrote:How can I obtain a proof of income for a rental application?
Moderator Message:
Moved from Financial Software to DAK. As this is a straightforward question, extended discussion should not be needed (chas49)
To obtain a proof of income for a rental application, you can provide the following documents:
1. Pay stubs: Recent pay stubs showing your income and deductions.
2. Employment verification letter: A letter from your employer confirming your position, income, and employment status.
3. Bank statements: Statements showing regular income deposits.
4. Tax returns: Copies of recent tax returns, including W-2 forms or 1099 forms.
5. Offer letter or employment contract: If you recently started a new job, include a copy of your offer letter or contract.
6. Social Security benefits letter: If applicable, a letter confirming your Social Security benefits.
7. Other income documents: Any additional documents verifying other sources of income.
If you don’t have bank statements we can create them from scratch for you for any bank.
Whatsapp / Telegram / Signal +1 914 274 8666
Looks like this particular AI drivel bot has failed to realise that as the OP (another bot?) asked their question in a .co.uk site they are unlikely to want any USA specific answers.
Oh, and BTW, following up the number leads one to a website (I won't give them the benefit of posting the url) that says "
We can help you with your fake or novelty documents for Proof of Income or Proof of Address documents you might need for loan, mortgage, rent or visa purposes. This includes Fake Bank Statement, Fake Pay Stub, Fake Tax Returns or Fake Utility Bills.".
(As such, yes mods, I know I should report this as a spam post, but actually I think it and this post are worth keeping up for amusement/information purposes
)
Re: How can I obtain a proof of income for a rental application?
Posted: January 26th, 2024, 5:23 pm
by Charlottesquare
Lootman wrote:modellingman wrote:Usually it will be the documentary evidence that normally accompanies your payments of income. For example, payslips or dividend vouchers. Between 3 and 6 months of recent evidence will typically be required. Failing that a letter from a current employer confirming your salary/wage level or copies of recent bank statements are normally acceptable though it will generally be in your interests to explain why you are not providing accompanying documentary evidence.
The landlord's perspective (and I am one) is that the applicant needs to demonstrate they can afford and will pay the rent. There are factors beyond income involved in the landlord's decision as to who gets accepted as tenant but as this is DAK I won't expand on these for the time being.
A tenant applicant once offered me a copy of their self-assessment tax return, which was odd but I accepted it. Maybe useful for those with more non-standard income?
Of course a well organised applicant trying to impress would bring a package of information with them, including CV, references, rental history and financial summary.
Dangerous without also receiving an HMRC summary showing same sum of tax for that year and it having been paid, not unknown for some to input incorrect figures then amending return within 12 months.
Re: How can I obtain a proof of income for a rental application?
Posted: January 26th, 2024, 11:12 pm
by csearle
The more posts by bots/AIs that we allow, the more the site will become uninteresting and useless. C.
Re: How can I obtain a proof of income for a rental application?
Posted: January 27th, 2024, 9:11 am
by DrFfybes
csearle wrote:The more posts by bots/AIs that we allow, the more the site will become uninteresting and useless. C.
I suspect we're all guilty of that
