Ask The Experts

Once you have viewed the property with your estate agent and want to secure it, you will need to put down a holding deposit equivalent to a single week's worth of rent. The agent cannot take the property off of the market until this is done!

Due to the changes in legislation in June 2019, tenants now only need to pay their one weeks holding deposit and either a 5 week cash deposit or zero deposit (fees apply) if they decide to go with that option. The aim of the Act is to reduce the costs that tenants can face at the outset, and throughout a tenancy. Tenants will be able to see, at a glance, what a given property will cost them in the advertised rent with no hidden costs.

Yes, you will need your lender’s permission before you can let your property; they may have special conditions that you need to comply with or need to be added to the tenancy agreement.  Most lenders will give permission when you apply to let out your property.