Question about renting

[missmiss]

Fairly urgent advice needed:

DP and I have had an offer accepted on a rental flat, subject to references. We are supposed to submit the referencing forms tomorrow but there are a couple of issues we need to clarify first.

The flat we want costs £1300 PCM. DP was a student until the end of September and has been self-employed since November. However, because he hasn't filed a tax return yet, there's no official proof of his income, beyond bank statements showing regular deposits. I earn just over £40,000 pa.

We don't think that the referencing company will accept DP's income as income and we aren't certain that I earn enough to be sole tenant (cost of the flat would be £15,600 pa). DP's dad will be guarantor if necessary but we don't know whether the landlord will accept that.

Do you think it would be better to put me down as sole tenant (I'm not concerned about being screwed over by DP, by the way), or to put DP's dad down as 50% (or 30% or whatever) guarantor and risk having it rejected?

Thanks in advance!

Bump.

Bueller?

I think the referencing company should accept DP's income. They will also be running credit checks on you both. You're not committing to a mortgage costing £££'s over 25 years. The landlord only needs to know that you can meet the monthly rental amount for the term of the lease. Unless DP has a history of bad debt, both be on the reference form.

I work in the industry. If DP's income is from unverifiable self employed sources, then it won't be taken into consideration, so the reference will pass or fail on your income alone. If you're paying a per-person fee for referencing ( which is mostly the case) then save yourself £50 and don't reference DP. He can still go on the AST as a permitted occupier if you want.