Affordability Fail - business transactions help!

Landlord Discussion
1

Hi there,

Am a first time user of Open Rent but have had some interest on a property.

The applicant has failed on affordability - the reason on the report is declared income is unverified.
He is a business owner and has sent me 3m statements separately to verify funds going in and out of the account.

Can someone please advise how I can use OpenRent to upload these or where I can request the potential tenant can reapply with these details for example?

Many thanks in advance
Andy

2

Business bank account statements showing business transactions going in & out, do not prove income, they prove turnover. If his business has been operating for some time, you could ask for a copy of his tax return statement which will show either self employed income or Dividend / payroll income

3

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