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prospective tenant. self employed

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Author Topic: prospective tenant. self employed  (Read 63 times)
Newbie
Posts: 3

I like property

« on: January 03, 2021, 12:23:30 PM »

hi.  i thought I had found a nice tenant who said they worked from home (which I thought meant they were employed) but now they say they are self employed.  They have sent details of their approx earnings, plus a referee, plus a council tax bill.  Obviously we cannot afford and do  not want anybody who is going  to fall into arrears so what else should I ask for as evidence that they can afford our property? 

They seem very nice and have answered all my questions immediately and also completed the application form by return but what happens if their work dries up?

Thanks.
Global Moderator
Hero Member
Posts: 3777

I like lots of things

« Reply #1 on: January 03, 2021, 01:15:43 PM »

What happens if their work dries-up? You enjoy a Tenant who has a reliable payer behind them, HMG. You cannot discriminate against them for being self-employed... affordability is calculated the same way. You might as well be asking if someone employed - what happens if they're made redundant?
Global Moderator
Hero Member
Posts: 1066

I like property

« Reply #2 on: January 03, 2021, 03:30:51 PM »

How long have they been self-employed? I would say a minimum of 6 months.At the moment few jobs are secure,even in the public sector, so many landlords are taking a gamble.Good luck. 
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