There aren’t enough rental properties to go around! 😫 How can tenants stand out from the crowd? 👥
Rental properties are few and far between, and those coming available seem to let immediately. If you’re looking for a property to rent, what can you do to stand out from the crowd to secure that all-elusive property? 🏡✨
If you’re looking for a property to rent, what can you do to stand out from the crowd to secure that all-elusive property? 🏡✨
💷 Understand Affordability 📊
Your prospective landlord or their agent will want to carry out some form of referencing on you. While referencing companies differ, most calculate what you need to earn by multiplying the monthly rent by 12 and then multiplying that number by 2.5.
The below affordability table will assist you in determining if you can afford a property. If your gross income does not exceed the figures below or if you have adverse credit (such as CCJs or an IVA plan), then you will require a guarantor whose earning requirements will be higher.
*The earnings above are gross yearly earnings before tax.*
In terms of your earnings, bear in mind that non-guaranteed bonuses or non-guaranteed overtime will not be taken into account. Also, consider if you have a permanent contract or are in a probation period. 📝💡
⏰ Understand What You Need to Pay and When 💰
When moving home, there is a lot to consider in terms of costs. Make sure you understand what you need to pay and when so you aren’t caught short.
- Holding deposit 💵
- Deposit 💰
- Rent 💸
🗂️ Contact Your Referees NOW 📞
We suggest you contact any referees you plan to ask in the future immediately. While it is likely they will need to supply a reference using an online portal in relation to a specific property, if you have a written reference already from your existing landlord and employer, you will stand out from the crowd. 📃🏆
📉 Consider Your Spending Habits Now 💳
Along with completing your referencing forms, it is likely you will be asked to supply 6 months’ worth of bank statements. Consider what your statements will look like. Do you go into your overdraft every month? Are you living within your means? 🏦🔍
🔍 Check Your Credit Rating 🧾
Do you know what your credit rating is? Do you have any adverse credit such as CCJs? Check your credit rating before you start your search. You will then be able to prepare should you need a guarantor. 📊📝
🗣️ Be Honest 🤝
Your landlord will want to know:
- Exactly who will be living at the property 👨👩👧👦🏠
- When you are looking to move in 📅🚚
- The tenancy term you are initially requesting 📆✍️
- If you have any pets 🐶🐱
- If you smoke 🚭
All of these things will help the landlord make a decision as to whether they want to let to you or not. Bear in mind that if you do not disclose all relevant information, it could result in the landlord withdrawing the property from you and the holding deposit you have paid may not be refunded. 🚫💸
🆔 Find Your Documents 📂
You will need to provide photo identification (passport) and a recent utility bill as proof of residence at the address given on your application. Find these documents now and have them ready. If you do not have a British Passport, ‘Right to Rent’ checks will need to be undertaken. Ensure you are familiar with this legislation and have your share code. 🛂📑
🔔 Finally… Make Sure You FIND OUT FIRST 🏃♂️
The rental market in Gravesend is strong. We have multiple applicants on every rental property we put available, and more often than not, properties have fully booked viewing slots on their first day of marketing. This is understandably very frustrating...we're here to help!
Our 'Heads Up Property Alerts' mean you will never miss out. It's so easy...
1. Set up your profile on our system here 👥🖥️
That's it, done! You will now get a 'Heads Up' on any property that might be suitable for you and the percentage that it matches your search criteria BEFORE it goes online on the portals. 📧📈
We hope you found this helpful. If you have any queries, please do not hesitate to call the office. We are here and ready to help.
📞 - 01474 321957
🖥️ - www.mandmprop.co.uk