Ltd company director Income evidence to rent a flat?
Tuesday, April 27th, 2010 at
2:20 pm
I am currently renting in London. I was a permanent employee and now I have a limited company where I have a small salary but good dividends, which I get paid quarterly.
I am looking to move by renting another flat in London.
In this case, what do estate agents ask or accept as total income evidence, contract, bank balances?
Thank you.
Sell House Quick
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Filed under: flat rent back
They are looking for evidence of ability to pay - so it shouldn’t matter whether dividend or income.
Your dividend income will be taken into account along with your salary. But it is not guaranteed, so it will be difficult for you to prove exactly what you might receive. This is especially the case if you do not have a history of what has been received in the past.
If it is your own company they will be most interested in the accounts of the company. They will show what was paid previously, and whether the profits are healthy enough to make future dividends likely.
You will need to show proof of income. When you fill in the reference forms, there will be somewhere to put your accountants details and they can verify the info. If you do your own accounts, they usually require an end of year statement from the tax office.