Renting for the first time

[Rosepetals11]

Hi all!
I’m currently living with in laws and it’s time to move out.
I want to rent a small 2 bed flat in Kent
It costs 900 p/m...

Around how much income would me and my husband have to be earning in order to be accepted because I heard it’s become really tough to even rent now!

If anybody has any idea please let me know
Thank you !

For our letting agent, annual income (combined) needed to be at least 2.5 times the annual rent. So for instance a 900 per month rental would need an annual income of 27,000.

I don’t know if this is an industry standard thing but hopefully gives an idea.

You would probably need to pay all bills on top of that council tax, water, electric, gas, deposit, agency fee. Find out all the charges first

I’ve been told it’s generally around 3x rent per month, x12 for annual income, so a combined income in excess of £32,400. If your in laws or somebody can stand as guarantor, or you can pay a few months up front, everyone suddenly becomes much more reasonable...!

I'd think with two of you working you'd easily be able to afford £900 a month. Good for you.

When we were renting a while ago it was around £30k income for £800 a month rent. Should be easily done if both of you are working full time. To be honest if you aren’t earning that you will struggle to pay the rent with council tax, bills etc on top.