Hacker News new | ask | show | jobs
by nitrogen 4499 days ago
Many US landlords I've seen will require the renter's income to be 3x the monthly rent. Is that not common in London?
3 comments

That would require many landlords to cut the rent, reducing profit; it's not uncommon for people to be paying half or more of their income on the rent.
Not in my experience. The requirement of 6 weeks' rent as a deposit is, however. I wouldn't be surprised if some ask for 8. This is partly what makes it so difficult to get in to the rental market for some people.
They might require as much as 6 moths (i.e. pay your rent in advance) if you cannot prove you have a (good?) job.
It varies. I only had to pay a month up front, but as others said it depends on the landlord and situation. I believe a month is most common in the UK.