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USEFUL INFORMATION

HOW CAN I WORK OUT IF I CAN AFFORD THE RENT?


The rent must not exceed 33% of your monthly gross income. For example £1000.00 (gross monthly income) x 0.33 = £330.00 therefore your share of the monthly rent must be £330.00 or less. If the rent over income ratio is greater than 33% a guarantor may be required or rental payments in advance.



WHAT HAPPENS IF AM A STUDENT?


Students will require a UK based guarantor to support them. The applicant and guarantor will be assessed individually.



ARE THERE ANY OTHER COSTS LINKED TO THE TENANCY I SHOULD BE AWARE OF? 


The rent must not exceed 33% of your monthly gross income. For example £1,000.00 (gross monthly income) x 0.33 = £330.00 therefore your share of the monthly rent must be £330.00 or less. If the rent over income ratio is greater than 33% a guarantor may be required or rental payments in advance. It is likely that there will be an inspection undertaken at the beginning and end of the tenancy by an employee of an independent inventory company. The cost of this generally falls to the owner at the start of the tenancy and the tenant at the end. The cost of this varies depending on the size of the property and how furnished it is. We would be happy to give you an estimate of the potential cost for your property.



WHERE CAN I FIND MORE INFORMATION ABOUT THE LETTING PROCESS?


The government provides a guide which is provided to tenants for all tenancies created after 1st October 2015. This gives a detailed explanation of the process and explains both Landlord and Tenant responsibilities.
 
A copy of the guide can be viewed here: HOW TO RENT GUIDE