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Deposit on pritae rent house?
astonsmummy
Posts: 14,219 Forumite
Hi,
I'm just enquiring here, i have a council place but am desperate to move to london so am considering giving my council place up and renting privately, i was just wondering roughly what sort of deposit i woud need to rent house thats say £1kpcm??
I'm just enquiring here, i have a council place but am desperate to move to london so am considering giving my council place up and renting privately, i was just wondering roughly what sort of deposit i woud need to rent house thats say £1kpcm??
:j Baby boy Number 2, arrived 12th April 2009!:j
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Comments
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It's usually 1 months rent as deposit and 1 months rent in advance to sign for a tenancy. Although sometimes its more as a deposit e.g. 6 weeks.
So for £1K pcm rent I would say you need at least £2K - one of them for the deposit and one for rent and possibly you are looking at around £2,461.54 (£1361.54). Plus if you go through an estate/letting agent their fees.
I know you just asked about the deposit but thought I would cover the lot.
I live in my own little world. But it's okay. They know me here.0 -
november wrote:It's usually 1 months rent as deposit and 1 months rent in advance to sign for a tenancy. Although sometimes its more as a deposit e.g. 6 weeks.
So for £1K pcm rent I would say you need at least £2K - one of them for the deposit and one for rent and possibly you are looking at around £2,461.54 (£1361.54). Plus if you go through an estate/letting agent their fees.
I know you just asked about the deposit but thought I would cover the lot.
Thnx, looks like i'll be wating for an exchange!:j Baby boy Number 2, arrived 12th April 2009!:j0 -
Yes sorry thought that may not be what you wanted to hear. Round here its over £1K just for a single person to move into a one bed and I'm not in London!
Good luck and hope you get your exchange I live in my own little world. But it's okay. They know me here.0 -
Ask your local council if they have some sort of Bond Scheme - many do - they guarantee the bond without actually handing over any money to the landlord, or they may have funds to loan you a bond which you then repay them - different councils have different schemes
good luck0
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