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First Time Renting

lucy_w86
lucy_w86 Posts: 827 Forumite
in House buying, renting & selling
My partner and I are saving to move out and rent next year. Being in Zone 4 of London, rent is about £800+ for a one bedroom.

Can anyone help and give me an idea of the likely bills and amounts to expect?

Also, should we get a joint account to manage this or still with separate accounts?

Thanks

Comments

  • lucy_w86
    lucy_w86 Posts: 827 Forumite
    lucy_w86 wrote: »
    My partner and I are saving to move out and rent next year. Being in Zone 4 of London, rent is about £800+ for a one bedroom.

    Can anyone help and give me an idea of the likely bills and amounts to expect?

    Also, should we get a joint account to manage this or still with separate accounts?

    Thanks

    Can anyone help!?!?!
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Depends a bit on council tax bands. Which bit of zone 4?
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • lucy_w86
    lucy_w86 Posts: 827 Forumite
    neverdespairgirl wrote: »
    Depends a bit on council tax bands. Which bit of zone 4?

    se12 area - surrounding
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    I'd estimate, if it has gas heating / hot water, and a water meter, something like these figures per month:

    gas - £35
    electricity - £25
    water - £35


    TV licence would be the same, about £11 a month, wherever you rent. Council tax depends on the band and the council. You will also need contents insurance. With gas heating / hot water, you will obviously use less in the summer and more in the winter, but that's an average type of amount.

    You would also be able to reduce these amounts a bit if you are careful with energy.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • MoneySavingSpender
    MoneySavingSpender Posts: 459 Forumite
    http://forums.moneysavingexpert.com/showthread.html?t=937335
    Read that thread and make notes on it

    Have a quick browse of www.shelter.org.uk

    Do not pay your deposit or ANY rent in cash.
    Ensure you get in writing any repairs or fixtures planned DURING your initial and future tenancy with a penalty clause (reduced rent) if there is a delay, if you can swing it.
  • sooz
    sooz Posts: 4,560 Forumite
    Lucy - have you still not moved out?

    Check all your previous threads for the same anwers.

    http://forums.moneysavingexpert.com/showthread.html?t=702545
  • LittleMissAspie
    LittleMissAspie Posts: 2,130 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Aren't you the one that asks this question every few months?

    Edit: Ooh just beaten by Sooz.
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    hehe
    get a joint account which you both put a fixed amount into each month to pay mortgage, all bills and maybe food shopping if you feel like it. keep your own separate accounts to have your wages paid into and all your own bills coming out of (mobile phones, gym etc).
    when opening a joint account, easiest thing is usually to open one with a bank one of you has your current account with.
  • lucy_w86
    lucy_w86 Posts: 827 Forumite
    morg_monster wrote: »
    hehe
    get a joint account which you both put a fixed amount into each month to pay mortgage, all bills and maybe food shopping if you feel like it. keep your own separate accounts to have your wages paid into and all your own bills coming out of (mobile phones, gym etc).
    when opening a joint account, easiest thing is usually to open one with a bank one of you has your current account with.

    Thankyou for that info - much appreciated
  • Doom_and_Gloom
    Doom_and_Gloom Posts: 4,750 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I think I am right in saying that you are 22 if the 86 at the end of your name is an indicator at least.
    I have to say I did move out of home when I was 16 only 2 weeks before my 17th birthday to the day! I thought about it ALOT but in the end did what I felt was right. I had just over £210 at first and my share of rent was £130 :eek: . Share of TV licence for a year was around £26 for the year (there were 5 of us). Eleki was £30 on average a 1/4 each but we had NO gas. CT over all was about £30 each for a 3 bed flat in the Medway area.
    We had no home phone or internet (TV licence WAS our luxury :rotfl: ). Mobile is whatever you make it due to contract/PAYG. It depends really. Not many peoples out goings are the same as others really.

    To be honest seeing the amount of time you are taking I'd say your hesitating (sp?) on the matter and if that IS the case moving out is NOT going to work for you right now. Just please make up your mind on what you want to do :p .

    I'm back at parents now after nearly 2 years as the place I moved to fell apart :rotfl: . Renting is NOT my fav thing and I'm saving for a deposit on a house now (I'm 19) .
    I am a vegan woman. My OH is a lovely omni guy :D
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