If you’re confused by how much rent you can afford, how much deposit you need and more information on how much a holding deposit is, then you’re in the right place. Below we have created some easy to use calculators which will give you all of the information needed without a ‘subscribe’ to this or ‘sign up’ for that in sight.
Is easy peasy to use, simply type in your gross annual salary and we’ll tell you what rental figure you should be looking at. The figure is the industry standard used by almost all referencing agencies. There are exceptions to the rule, however, by following the figures you know your should be fine.
A holding deposit is a payment to a landlord or agent to reserve a property. Each tenancy is subject to a holding deposit, which is payable when you want to apply to rent a property. Before your application can be fully considered, you will need to pay to a holding deposit equivalent to 1 weeks’ rent for the property.
You pay a tenancy deposit before you move into a property, and can be used by the landlord to cover costs such as; Rent arrears, damage to the property.
Please note – the above figures should be used as a guide. Before you apply for a property please speak to one of the team.