Landlords may have unrealistic expectations
Landlords may have unrealistic expectations of how much their
tenants are earning, according to a tenant referencing
Landlord Secure explained the average annual salary is
£27,600, but almost one in five landlords expect any potential
tenant to be earning at least £30,000 per year.
In addition, one in ten landlords said they would not progress an
application from anyone with a salary of less than
However, this could mean tenants are being dismissed from renting
properties, even though they may be good tenants.
“Landlords obviously want to feel secure that any new tenant
is able to meet their rent commitments over the course of a lease
agreement but it is unrealistic to only accept tenants on higher
wages,” said Steve Burrows, managing director at Landlord
“Choosing the right tenant should be based on their current
financial stability, which is not always linked to earnings and
those earning less but with a history of meeting payments should be
given equal consideration,” he explained.