Can i rent a house if i am unemployed with a lot of savings?
I would like to rent a house but i am unemployed due to illness, I don’t claim any benefits but i have £120,000 in savings.
Sell House Quick
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November 28th, 2009 at 5:46 am
Of course, but you will have to go through all the usual referencing checks. And probably need a guarantor (silly I know) because although you have the savings, you could totally blow them!! Alternatively pay six months cash up front!
Estate Agent!
November 30th, 2009 at 8:37 am
Of course you can.Your semi retired.
December 1st, 2009 at 6:03 pm
Of course!
Any sane landlord is going to bite your hand off in the current environment.
They will of course ask to see proof of the savings – and that you’ve had them for some time – but assuming thats no problem – you’ll have no issues.
You are in an advantaged position – so try making a deal where you pay significantly less rent by paying 6 months up front – and continuous 6 monthly lump sums.
Make sure you get a lawyer to draw you up a specific contract in this case – so that both parties are protected appropriately.
Good luck!