Our affordability calculator helps you determine which homes you can afford by comparing your total household income to the prospective rental price for that property. Under our referencing guidelines, to meet affordability requirements, you must have an annual income that is at least 2.5x greater than the annual rent.

Our affordability calculator does the math for you: just enter your annual household income and we'll let you know what price range is optimal for your budget. Make sure to include the income for any other people you'll be living with, whether that's a flatmate, a random stranger, or your partner.

You can do the math manually as well:

**Using the monthly rent to determine what your annual income must be to afford the home:**

The property you are looking at costs £833.33 per month, which means the annual rent (£833.33 * 12) is £10,000. You must make at least 2.5x more than the annual rent to afford the home, so your income must be (£10,000 * 2.5= ) £25,000 annually.

**Using income to work backwards and determine the maximum monthly rent you can afford: ** Jennifer earns £25,000 annually. She must make at least 2.5x more than the annual rent to afford the home, so the maximum annual rent she can afford is £25,000 ÷ 2.5, which equates to £10,000 per year. Now that we have the annual rent, we can divide by 12 (£10,000 ÷ 12) to get the maximum monthly rent she can afford – £833.33 per month

**Note:** If you do not meet affordability requirements, there are other options you can take in order to pass referencing. For example, you can get a guarantor. If you have a guarantor, their income requirement must 3x greater than the rent in order to meet affordability requirements.