Calculating an Applicant's Affordability Ratio

Calculating an Applicant's Affordability Ratio

This article will run through how to calculate an applicant's affordability ratio in Reapit Lettings.

1. Click on Letting. 2. Click on Applications. 3. Select Applications. 4. Click on the appropriate AppID. 5. On the Applicant Summary screen, you will see the affordability ratio and overall income for all applicants within this application on the top right hand-side when you click View. 4. The Total Net Income amount takes information from the Financials Section of the application. If the Applicant comes back with updated details, you can update this through the Financials section of the application by selecting the edit option, and once updated, the Affordability Ratio for these applicants will also change on the Application Summary screen. Note: You can change the view summary to display the Net Annual Income or Gross Annual income through the settings menu.