I am looking to rent a property with my partner for approx 12 months starting this Summer, somewhere around £600 per month.
He will be earning £17,500 per year in a 'proper' job, where as I am self employed and currently earn an average of £1000 per month, although this is gradually increasing each month as my business grows.
When I mentioned my self employment to the estate agent she said it should be fine as long as I can show my 'accounts'. I am a very small business, I don't have an accountant, profit and loss accounts or balance sheets. I have only completed one tax return so far, and this only spanned 6 months so wasn't a full year.
However, I do have proof of around £1000 coming into my bank per month and could easily print out the online statements to show this. I also have enough savings in my account to pay for the full 12 months rent up front if necessary, although ideally I wouldn't want to do this.
My question is, are we realistically likely to be able to rent somewhere with our situation? And as a landlord, what specific 'accounts' would you like to see from a self employed person? (I have a degree in business so could draw up some profit and loss accounts and balance sheets if necessary).