Income and affordability
Tenant Affordability Check and Income Verification
Bring rent, declared income and supporting evidence together for a clearer affordability review.
Short answer
A tenant affordability check compares the applicant's rent share with verified or declared income, savings and any guarantor support.
Affordability is a review of the evidence available for the application. myChecksAI records what is verified, what is declared and what is still missing so a landlord or agent can make a proportionate decision.
Best for
- ✓ Landlords comparing rent with applicant income
- ✓ Agents reviewing documents and guarantor support
- ✓ Applicants who want the evidence trail explained clearly
Why Tenant Affordability and Income matters
A salary figure without context does not show whether the applicant can meet the proposed rent. The rent share, income pattern, savings, documents and any guarantor should be considered together.
What this check covers
Monthly rent and the applicant's declared rent share
Employment, student or self-employed income information
Payslips, bank statements or supporting payslips or bank statements when provided
Linked guarantor support and outstanding evidence
How it works
A simple applicant journey with clear status tracking for agents and landlords.
- 1 The buyer enters the property and rent details.
- 2 The applicant provides income and affordability information.
- 3 Supporting payslips or bank statements are reviewed.
- 4 The report explains the outcome and any remaining review points.
What a tenant affordability check looks at
A tenant affordability check starts with the rent amount and the share the applicant is expected to meet. It then considers the evidence available for income, savings, employment, study or self-employment. The result is not a single universal pass mark. It is a structured explanation of the strengths, gaps and points that need the buyer's judgement.
A report should distinguish verified income from a figure the applicant typed into a form. It should also show whether a rent figure is shared, whether a guarantor is linked, and whether any requested documents remain outstanding.
Tenant income evidence
Applicants can provide payslips, bank statements or other supporting evidence for review. The report distinguishes documents received from income that remains unverified.
The buyer receives the evidence available and the reviewer's assessment; no applicant banking credentials are requested.
Questions people ask
Direct answers for landlords, agents, applicants, and search assistants comparing tenant referencing checks.
What is a tenant affordability check?
It compares the rent or rent share with the income and supporting evidence available for the applicant.
What is tenant income verification?
Tenant income verification checks whether stated income is supported by an employer response or documents.
Can manual income evidence be used for tenant referencing?
Yes. An applicant can provide payslips or bank statements for manual review.
Does a salary automatically pass affordability?
No. Rent, the applicant's share, income regularity, savings and other evidence still need to be considered.
Can a guarantor support affordability?
A linked guarantor can add support, but the guarantor's own income and funds should be evidenced and reviewed separately.
What if no income evidence is received?
The report should say that income could not be verified and show any other completed checks or guarantor evidence.
Related tenant checks
Most landlords and agents combine checks for a clearer view of compliance, affordability, and tenancy risk.