How To Rent Guide


Register


Maintenance


Novahomes Lettings are dedicated to making your journey to becoming a tenant as smooth as possible. Use our quick search facility to choose your perfect home or call our dedicated team to discuss your requirements. Then take a look at our Step by Step guide which shows an average journey through the process.



Step by step Renting Guide

Tenant Fees

Applicant Guidelines

Applicants will need to have a good credit history, with no CCJ’s, IVA’s or bankruptcies, along with annual income equivalent to 2.5 times the annual rent of the property.  Please see below for income examples:

Monthly Rent
Example
Annual Income
Required
£500£15,000
£600£18,000
£700£21,000
£800£24,000
£900£27,000

If you feel that you do not meet with this criteria then a Guarantor may be required.

Guarantor Guidelines

If a guarantor is required for your application there are a few simple guidelines as to who would make a suitable Guarantor.  A Guarantor would need to have a good credit history, with no CCJ’s, IVA’s or bankruptcies along with an annual income equivalent to 3 times the annual rent of the property.  Please see below for income examples:

Monthly Rent
Example
Guarantor's Annual
Income Required
£500£18,000
£600£21,600
£700£25,200
£800£28,800
£900£32,400

Holding Deposit

Holding Deposit (reserves the property for 15 days). If the tenant fails or cannot provide references within 15 days, the agent will keep this deposit: 1 weeks rent

Deposit: The deposit will be equivalent to five weeks rent due 48 hours prior to move in paid by bank transfer. This deposit will be held within the Deposit Protection Scheme.

Referencing

Referencing for applications is undertaken by a company called Rent4Sure.  They will contact applicants and guarantors direct for information and it is imperative the information is supplied to them within 48 hours of their request to ensure that the application proceeds within the 4 week holding period.

During the tenancy (payable to the provider) if permitted and applicable

Utilities – such as gas, electricity and water
Installation of cable/satellite
Subscription to cable/satellite supplier
Television Licence
Council Tax

Other Permitted Payments

Any other permitted payments, not included above, under the relevant legislation including contractual damages.

Tenant Protection

Novahomes Lettings is a member of Safe Agent and NALS (National Approved Letting Scheme) which is a client money protection scheme. We are also a member of The Property Ombudsman, which is our redress scheme.