出租流程
THE LETTING PROCESS
Fell in Love with a Property?
So you have seen one of our properties online and want to know how to make it your next home?
Historically when renting it was customary to book a viewing. With shifts in the way consumers select their new homes many are electing to reserve without in-person viewing properties and electing for online viewings. All of our properties are reserved online without physical viewing which is becoming increasingly common after the COVID-19 Pandemic, and a trend we have adopted. If your chosen property meets your criteria we would strongly recommend reserving the property as they are often taken within an hour of being marketed.
You have now decided you want to proceed and pay the necessary holding deposit to exclusively reserve the property during the referencing process so no one else can snap it up. This can be done via our online payment portal.
So what's next?
You will receive an email shortly after paying the holding deposit, with a link to complete the online referencing forms. They are brief and quick to complete online. Providing you provide all the correct information from the outset the results are often returned within 72 hours. Please note we as a company do not conduct the referencing process and if you have enquiries you should make them direct of the referencing company providing your name, application address and reference.
Why do we reference?
As you can imagine homes are a very expensive asset and our landlords, many of which have investors and funders, need to take all necessary steps to protect their assets, and one of these steps is to select the correct tenants who cannot only financial comply with their commitments under a tenancy but are courteous and will respect our property. The relationship of landlord and tenant is an important one and although contracts are legally binding, a lot is reliant upon mutual trust and respect.
By referencing it gives our landlords peace of mind, and the same for the tenant, who can rest assure they are dealing with a professional company who cares about their residents. Putting a reliable and trustworthy tenant to the right property ensures they will enjoy living at our property and they will take care of it and pay the rent on time.
What is checked?
We use an external company to deal with the process which includes:
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Proof of Identity – 2 forms will need to be provided and one must be photo ID.
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Credit Check – this checks for any CCJs whether satisfied or outstanding and whether any Bankruptcy orders have been lodged against the applicant.
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Verification of Income - if you take the monthly rent and multiply it by 2.5 this will give you the gross monthly income that you will need to earn to demonstrate that you can afford the monthly rent. if your income is less you may be required to provide a guarantor who must have a gross annual income of x 36.
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Previous Landlord References – they will be asked to confirm no rent arrears or damage to the property.
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Employment References – this will be to verify full time permanent employment, income and an assurance any employment is not likely to end in the near future. For example, zero hour or agency would not pass the requirements. If you are in a fixed term contract you would need to speak to us prior to reserving a property.
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Right to Rent Checks – this is site of passport tot immigration documents.
If you do not meet this criteria please speak to us BEFORE looking to reserve a property.
What if I cannot afford the month’s rent in advance and a deposit?
Don’t worry we understand the financial strains of modern day living and most of our properties are offered with no deposit. Your first month's rent will be payable directly to your landlord.
What if I cannot pass these checks am I not eligible?
Don’t panic we are aware life isn’t plain sailing and we all have blips in our past. Don’t be shy be honest and upfront and we will always look for away to assist and provide accommodation. Often you can supply a guarantor, enter into a short term licence to occupy that renews on payment of a licence premium or pay several months’ rent in advance. If you cannot pass the Right to Rent Check it is unlawful for us to rent to you.
If you have employment issues, such as just started, or you have previous poor payment history and CCJs you MUST inform us in advance otherwise this will result in your application being rejected and the holding deposit being none refundable.
If you willingly pay the holding deposit, as you will be deemed to have full knowledge of the requirements, and fail the referencing process due to none-compliance, the holding deposit will not be refunded.
How long does it take?
Well that’s down to how quickly you fully complete the forms. Once you have paid the holding deposit you will receive the forms via email and once fully completed the entire process will take approximately 72 hours but may take slightly longer if there are issues or requests for further information.
What happens if I do not pass?
Providing you have read and understood the above information you should not have an issue (1) being in employment or self employed (2) providing the necessary information (3) earning 2.5 times the rent (4) having a good credit history/score.
The reservation fee/holding deposit is not refundable if you have provided false or misleading information (i.e. you don't comply with the said requirements), if you withdraw from the process or if we take all reasonable steps to enter into the tenancy and you do not.
What's next?
If you are successful we will then send out to you a contract via Adobe DocuSign along with a completion statement of funds to be transferred a minimum of 48 hours before move in
All parties sign the contract electronically and then you are almost there to collecting the keys to your new home.
Is there nothing else I will need to provide?
Before collecting keys and seeing your amazing new home you will need to complete the following steps:
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Default fee of £100.00 in lieu of lost keys/damaged mattress;
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Evidence that standing order for future rental payments to your landlord has been set up for the set calendar day of each month;
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Provide any vehicle information that you will be parking in and around the property in accordance with good estate management;
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Payment of the first mont's rent to your landlord
Forms
We understand sometimes plans can change and you may wish for someone to reside with you or you may wish to have a pet. That's not a problem just we need to know who is our properties for example should there by an incident and we need to account for everyone or if we need urgent access for maintenance and whether there is a dog in the property.
To inform us that you wish for someone to stay with you or that you want a pet please complete the respective form below and send it to us for our consideration. Please ensure you obtain o ur consent before committing to any arrangement.
Forms of ID
As you will appreciate we are under a legal obligation to check the identification of all of residents.
If you are a British or Irish citizen we will need you to provide your British Passport or birth certificate.
If you have a right to rent document to speed up the referencing process we strongly advise that you provide your right to rent share code along with your date of birth at the same time as reserving the property. Please note that we offer 12 month contracts so please be mindful of any expiration date to your right to rent.
Upon moving in to your property please ensure you bring the original unaltered undamaged identification documents with you as our agent will need to verify the ID is of course you.