Below you will see a list of savings that we can accept alongside what documents we require if you opt-out of Open Banking.
We have included a list of savings we will not take into account as acceptable funds. To see how we validate the documents please click here.
Savings we can accept:
Type of Savings |
Documents |
Current account |
Please note if you receive your income in this account we will need to deduct this in order to verify the correct amount of savings available. |
Cash ISA |
|
Investment ISA (aka Stocks and shares ISA) |
|
Premium Bonds |
|
Trust Funds (Beneficiary) |
Please note if you are not due to receive this within 8 weeks of referencing we will not be able to accept this. |
Sale of property |
We do not accept a pending sale. |
Savings we cannot accept:
Type of Savings |
Documents |
Financial Investments |
Investment portfolios, bonds, stocks and shares are usually not stable and/or liquid and therefore cannot be used for an assessment. |
Property Investments | This will likely be rental payments from a rental property. We can accept this as a source of income so we require you to upload this in the relevant section. |
Lifetime ISA |
This can only be accessed, without penalty, if the account holder is over 60 therefore we do not accept this as a source of savings income. |
Innovative Finance ISA |
This allows the account holder to provide loans to approved individuals and businesses via an online peer-to-peer lending platform but these products are NOT the same as savings accounts so we cannot accept this type of ISA. |
Junior ISA / Child Trust Funds |
This is something parents can set up for their children under the age of 18. This is not a savings we can accept as renters need to be 18 to legally rent a property and you are not able to include your child's savings as your savings. |
Trust Fund, you have set up | This is similar to the above, you will not be able to include money in a trust fund you have set up for someone else. You are the trustee, not the beneficiary. |
Cryptocurrency |
We will not accept any form of cryptocurrency. |
Gold (physical gold) |
We cannot accept this as this is not a type of savings. |
Please note: If your RentPassportĀ® is not connected to an agent, sections not auto-verified will appear as self-certified. All manual reviews by our referencing team will be undertaken once you have connected to an agent for a tenancy application.
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