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Landlord demands for Salary Income proof (Bank or Tax statement)

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  1. #11

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    if you take away public housing, yes.

  2. #12

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    Only if you exclude public tenants I guess.

  3. #13

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    Most of my previous landlords have asked for income proof, I don't think it's a big deal at all. Makes sense from a landlord's point of view - they want to have some idea of their tenant's financial standing. Yes you can argue that income alone doesn't provide a complete financial picture, but it's better than nothing and certainly less invasive than requesting to see a bank balance.


  4. #14

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    I gave a letter of employment, never given my bank details.


  5. #15

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    Income alone is very poor predictor of credit worthiness. Debt to income ratio is far more important. So unless your landlord can verify what debt you are holding, it matters very little what your income is.


  6. #16

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    Quote Originally Posted by Claire ex-ax:
    Is the property mortgaged? If yes, did you get proof from the issuer that it consents to the property being rented?
    Landlords get very pissy when you ask them for the mortgagee's consent to lease. I asked for this once and was told the LL would withdraw the offer, basically because he would need to pay HSBC an approval fee and risk the mortgage interest being increased due to reclassification as an investment property.
    shri likes this.

  7. #17

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    Find a landlord that does not ask for this perhaps.

    shri likes this.

  8. #18

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    Quote Originally Posted by big_panda:
    Landlords get very pissy when you ask them for the mortgagee's consent to lease. I asked for this once and was told the LL would withdraw the offer, basically because he would need to pay HSBC an approval fee and risk the mortgage interest being increased due to reclassification as an investment property.
    Mine got all pissy too, exactly the same reason. I got a small discount on the rent after he refused to provide it

  9. #19

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    Quote Originally Posted by Open Casket:
    Income alone is very poor predictor of credit worthiness. Debt to income ratio is far more important. So unless your landlord can verify what debt you are holding, it matters very little what your income is.
    But it is still the most practical means that landlords have to gauge a tenant's financial status. Can you imagine a landlord asking for proof of your debt-to-income ratio?

  10. #20

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    Quote Originally Posted by jmbf:
    But it is still the most practical means that landlords have to gauge a tenant's financial status. Can you imagine a landlord asking for proof of your debt-to-income ratio?

    Having worked in risk management before, as long as I had 2 months worth of security deposit, I would find someone's income totally irrelevant. In fact, I might argue someone on a lower wage would be less likely to default on the rental agreement as they have more to lose relative to their income.

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