Housing Association - Affordability Test/ Income Assessment.

[3Hearts1Beat]

Hello,

Myself and my family live in social rented accommodation and we are registered on our Housing bidding scheme, which allows for tenants to bid on suitable accommodation in accordance to their housing needs.

We’ve
recently placed bids with a Housing Association on three flats, that are all located within a new build development however the condition of the properties if successful when the bidding cycle closes is that the offer is subject to pre tenancy and income assessment. Additionally the Housing Association will be asking for landlord references for anyone offered the property.

I was wondering if anyone has ever had to complete an income assessment upon offer of a property and if so, what does it consist of?

Thank you for taking the time to read.

In my experience it’s a really basic ‘income assessment’ that they do - they ask your total household income (including any benefits) and a simple list of your outgoings, including any debts. It’s to check you will be able to afford the monthly rent. They don’t discriminate again people receiving benefits. The landlord reference is important too - that’s to check you don’t have previous rent arrears (and no anti-social behaviour as a tenant). Good luck!

@SalvationArmyCounters thank you, it seems pretty straightforward then. Fingers crossed, we get offered the property.

It would be easier to check if you can afford the monthly rent run 3

When I had mine, the housing association said that part of the income check was to ensure that you were claiming all you were entitled to as well.
It wasn't too much pressure at all.
I had to list
wages
benefits claimed
average bills in current property(they will of course change if you move)
any medical conditions that they may need to know about. (so they can make adjustments if need be)

Hi did you end up securing the property?

I am also in the same position, what paperwork do they ask from you?
do you need to provide payslips? Bank statements ect?