I was wondering how dss renters get past the annual income requirement that landlords are asking for?
Property says dss accepted but they say you still need an income of £40,000 but there is no way benefits reach this amount.
There you go, you cannot get around it, if a place is not affordable they cannot rent it
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They get around it by increasing their annual income.
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or look for a cheaper place
There will be quite a few tenants on benefits with incomes over 40k.
DSS accepted is a bit misleading as it is really dss considered which landlords need to put to avoid discrimination laws. In most cases a guarantor would be required.
Landlords are likely to also look at rent against the local housing allowance entitlent. This is frozen and does not cover vitually any rental at current prices which does make it very difgicult to pass affordability tests. You need to be clear how you will.afford the rent and be willing to evidence this via bank statements etc.
Is it too late for me to sell everything , cruise it away and get £40k in benefits? i am 77
40k a year benefits is roughly £3300 a month. My husband is sick and disabled and qualifies for high rate benefits in most places and he gets no where near this amount a month.
I didnt say 40k in benefits but 40k income, ie job with benefits top up.
It is highly unlikely that an individual or household in the UK could receive the equivalent of £22,000 per year in benefits while also earning a £20,000 salary, as benefit payments are designed to top up a low income and are significantly reduced as earnings increase.
Not really…There are circa 500,000 higher rate tax payers (earning above 50k pa) who are entitled to universal credit. Entitlents can be substantial due to high rents and also children so in some cases it takes an income above 60k before all benefits are lost by the taper.
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@Kellie2 40k and 30% of gross income is 1k pcm. Dss accepted on an advert doesn’t rule out either people sharing or one person on DSS and another working.
To quote Martin Lewis
The crucial thing to understand here is that it is not just for people out of work, 41 per cent of people on Universal Credit are in work.”
To help people understand if they should make a claim, Martin said that anyone on a low income should check if they are eligible. However, he added: “But if your income is £40,000 a year, if you’ve got children and paying for childcare, if you’re paying for rent, you could still be entitled to Universal Credit.”
He clarified his rule of thumb: “Family income below £40,000, get yourself on an online benefits calculator, it’ll take about 10 minutes, put your details in, and see if you’re entitled to this. Even if you checked a year ago, because the thresholds went up in April there are a few people, not too many, who are now eligible who weren’t before.”
Good luck
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