Lettings Direct - Letting Agents, Property Management Specialists and Buy to Let Experts.
We aim to keep the whole letting's process as simple as possible and to help potential tenants understand what happens once they have found their new home, we have detailed below, the usual process of events:
The holding fee is paid together with the administration fees and reserves the property in your name until the application has been processed and you are ready to move in. The Holding Deposit is deducted from the total cost when you move into the property.
To learn more about Holding Deposits, please click here
Once the property has been reserved, we will need you to complete an Application Form and will require 2 proofs of ID,
Together with a recent bank statement and payslip. This will give us all the information we need to reference the applicant. Application forms can be downloaded from the link above.
Where applicants are either under 25 or not in full-time or permanent employment, we would require a Guarantor.
The Guarantor would need to complete a Guarantor form and be credit referenced in the same way as the applicant, as the Guarantor is undertaking to pay the rent should the tenant default.
As you can probably appreciate, as part of the letting process, we do have to fully reference all Applicants and Guarantors to ensure employment status, affordability, creditworthiness and of course comments from previous Landlords. For more information about our credit referencing, please click here.
Once all of the referencing has been completed we will then draw up an Assured Shorthold Tenancy Agreement between the Tenant and Landlord. This is a legal agreement to rent the property for a fixed term - usually 6 months. After the fixed period, the tenancy maybe renewed. For more information please click here.
On the day of move in, we would normally meet you in our office. The balance of the rent and deposit would be paid (BACS or cheque payments would need to be cleared prior to move-in) and the tenancy agreement signed. The keys are then yours for you to move in to your new home...