Wondering how the letting process works? We've broken down the application process for you here...
As a rule of thumb, you must be earning 30x the monthly rent eg. if a property’s rent is £500 pcm then you must be earning £15,000 per year to meet the affordability criteria (as £500 x 30 = £15,000).
Upfront costs to be considered:
The rental market moves very quickly so if you see a property that you like, you need to act quickly. Contact our lettings team to register your interest on the property and book a viewing.
Our lettings team will a few questions in order to determine if the property is right for you and will arrange a viewing for a convenient day and time.
If you think the property is for you, then the next step is to request an application form from our lettings team. Once the form is filled in and returned to us, we discuss your application with the landlord for them to make the decision to go ahead. We will then contact you to take your holding deposit and begin the referencing process.
We use a market leading company to carry out your reference checks. They are a well known and trusted company who keep it simple. Applicants have often commented on how quick and straightforward this process is for them.
Once you have passed referencing, we will start the move in process. We will work closely with you in order to arrange a suitable date for you to move into the house.
Before your move in date, you will need to present your ID in order for us to complete your right to rent checks. Arrangements can be made if you are out of area, so please don’t worry if you are far away.
You will be contacted by our utility management company, Tenant Shop, who are great at saving you money on your utility and even media deals. They are worth speaking to, especially if they can save you a pretty penny. Once your move in day comes around, we will invite you to collect your keys to your new home.
Holding Deposit
The holding deposit is one week’s rent which is paid by you at application stage to hold the property whilst references are taken up on you. This amount is taken once the landlord accepts your application to rent their home. The holding deposit is refundable, most people have this deducted from their first month’s rent but it can also be returned separately if you require.
Tenancy Security Deposit
By law any money taken from you for a tenancy deposit must be registered within a tenancy deposit protection scheme. Here at H&H we use TDS, who are a government approved tenancy deposit protection scheme in England and Wales, operated by The Dispute Service Ltd.
Established in 2003, TDS is the longest serving government-approved deposit protection scheme. They are also the only not-for-profit scheme.
