Applying To Rent A Property From A Letting Agent Or Private Landlord

After you have found some good deals home UK and have decided to rent one, the next step to take is to actually apply to rent the property from a letting agent or a private landlord. When you apply to rent a house, you will be asked by either the landlord or the letting agent to provide documents and other information that will prove that you are going to be a good tenant. Ideally, you should have all your documents ready even while you are still searching for a place.

What documents are you required to show landlords?

In most cases, letting agents or landlords will ask for documents that will prove your identity, your credibility, and your ability to pay the rent. For instance, you may be asked to show the following:

a)      recent bank statements

b)     your bank details

c)      proof of employment from your employer

d)     pay slips

e)      a copy of your employment contract

f)       proof of benefit awards, if you have any

Some landlords also ask for some sort of reference from your previous landlord, if any. And if it is your first time to rent a home, a reference from a guardian or your parents will do.

Do you need a rent guarantor?

If you are a young person or a student who is renting for the first time or if you don’t have any documents to show your ability to pay the rent, you may be asked to have a guarantor. The guarantor will then need to sign a document wherein he or she agrees to pay the rent in case you fail to do so.

The document that your guarantor will sign with the landlord or letting agent is legally binding, and your guarantor has to be aware of it. Also, a guarantor has to be a resident in the UK and is an owner of a property.

Do you need to undergo a credit check?

It is the right of a letting agent to run a credit check on tenants applying to rent a house or a flat after you have found good deals home UK. They do this by asking a credit reference agency to check whether you are a good payer or not. Your permission is necessary before a letting agent can do this.

Should there be any problems with your credit check, it will still be possible for you to rent the property provided that you have a guarantor.

What is my home worth?

Before entering any tenancy agreement, make sure that you’ve done enough research to find the property that perfectly suits your budget. One way to do this is by visiting ratedrents. Through ratedrents, you will be able to know the actual value of a particular home and you will be able to rate my property. This will help you decide which property you can afford and should rent.