Can I use savings instead of regular income to meet affordability requirements?

We can consider your savings as supporting evidence, but they do not automatically replace our standard income requirement for tenants. For our build-to-rent apartments, your combined annual household income must normally be at least 2.5 times the annual rent, keeping rent to no more than 40% of your income.

Pensions, employment, self-employed earnings & other eligible regular income can count towards that figure. We may also review savings to understand your financial position, particularly if your income varies.

If your income is below the threshold

We may consider an eligible guarantor. They must live in the UK, have a UK bank account & meet our affordability requirements. Where a proposed guarantor is retired or has limited regular income, we can consider evidence of accessible savings instead on a case-by-case basis.

We may ask for savings account statements or other suitable proof of funds. We assess availability & adequacy rather than promising acceptance based on a particular savings balance.

For our English properties, rules on advance rent still apply. You cannot be required to pay several months’ rent upfront as a workaround.