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The worst part is finding out how many things depend on your job. I needed to move out when I was laid off, but good luck finding someone to rent to you when you don't have a job.


Yes... I'm in the UK, in London. For renting, even as a founder who has a profitable business that was active for a year, they're still either asking for upfront payments (12 months...) or a guarantor. This was the case for multiple locations (SE13 + E16).

They said if my business was running for 2 years or more then they'd accept that as low enough risk.

A bit understandable in this economical situation, but man, it's hard. Even for the guarantor, they need to own a house and have at least 40x the monthly rent as proven (PAYE or business with 2+ years) yearly income.

I knew only one person who could be a guarantor that fits the requirements.

Alternative was AirBnb or other monthly accommodation which was of course more expensive.


The worst cases is when they don't even accept the 12 months of upfront payment !


Wow, I never imagined that to be possible. What was their reasoning?


It was bullshit. The real reasoning was of course, as usual : lots of 'buyers', few 'sellers'.




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