Once submitting an application, along with all of the required documentation a holding deposit will become due if accepted. We then aim to make a final decision within a 15 day period.
The holding deposit is £100.00, unless the rent is £429.00 or less. Then the holding deposit will be equivalent to 1 weeks rent. (Rent divided by 30 x 7).
This will not be repaid in full if you decide to back out of the tenancy agreement.
If you are not successful with the application, i.e. If you fail right to rent checks, provide misleading information or do not supply all the information required within 15 days then this will be returned in full.
The holding deposit will then be deducted from the 1st month rent amount due for the tenancy agreement.
If you have any questions regarding this, please do not hesitate in contacting us. More information regarding submitting an application form can be found on the form above.
