Once you have reached the decision that you would like to sign for a property, please contact the office directly to place your holding fee. Our team will then arrange an appointment for you to either pop into the office to complete some paperwork or alternatively sign this digitally.
You will be asked to make a payment of a holding fee to secure a property initially. The holding fee is used to show your intention to let the property and enables the property to be taken off the market.
Once the contracts have been finalised your holding fee will be used towards your deposit.
The holding fee may be non-refundable if you choose to withdraw your application on the property – for further information, please speak with our team at YourNest
The application form includes your contact details, details regarding your employment or university course and other important details such as your date of birth, national insurance number and property details. This form will essentially include everything we need to process your application on the property.
It is a legal requirement that we must conduct a check on you called the Right To Rent Check which is where we check that you are entitled to rent a property in the UK. We will need to see you with your original passport and your visa (if applicable) in our office.
If you do not have an in-date passport, we can also review other documentation as part of the check such as your birth certificate and driving licence or a letter from University if you are a student accompanied by your driving licence. We cannot accept scans of the documents, and must see you and the original document in our office as part of the Right to Rent check.
If you are a group taking a whole house, you will be signing a joint tenancy agreement which means that as a house you are responsible for making sure that all rent payments reach the landlord/agent each month. You will however have your own standing orders or direct debits for your part of the rent on the property.
A tenancy agreement is legally binding and you must ensure that you read the document carefully and ask questions if you are unsure about any clauses of the contract before signing.
The tenancy agreement sets out yours and the landlords’ obligations under the agreement. This includes items such as your rental amount, dates of payments and items that are not permitted in the property such as smoking or keeping pets.
Have a look through an example of one of our tenancy agreements here.
You will need to set up either a direct debit or standing order for the rent payments at your property and show us confirmation that you have done this.
Standing orders can be set up using your online banking and then you will then just need to email us a screenshot showing the details of your standing order.
Some of our landlords take rental payments by direct debit. If this is the case, you will given a direct debit form to complete at the time of signing for the property.
If you are employed in a full time permanent contract, we may conduct references on you. Our referencing company will contact your employer and your current landlord to obtain references. They will also do a full credit check on you.
If you successfully pass your references, you will then be invited to visit the office to complete your tenancy agreement.
If you do not pass your references, your application may be declined or you may be asked to provide a guarantor depending on the circumstance of your reference.
If you are a student or new into employment, you will be asked to provide a guarantor as part of the tenancy. Your guarantor will need to be a UK home owner and must be based in the UK.
Your guarantor will be emailed a form called a Contractual Guarantee. Your guarantor will be asked to sign the form online via e-signing. They won’t need any fancy apps to do this, just open the email and follow the instructions. They will need to send us via email, the following documents to support the form that they sign;
A holding Fee of £50 will be taken on your chosen property to secure whilst we arrange the finer details, this is equivalent to 1 weeks rent.
You will be asked to pay a deposit to cover any damages at the property.
Deposits for Students
Deposits for Professionals
* Deposits may vary depending upon the property
The landlord of your property may be responsible for protecting the deposit in a deposit protection scheme. If the property is managed by YourNest, we will register your deposit in a deposit protection scheme on behalf of your landlord.
This will either be My Deposits, The Tenancy Deposit Scheme or the Deposit Protection Service. At the end of your tenancy, the deposit will be refunded back to you minus any deductions such as damages to the property or cleaning.
There are no administration fees when signing for a property with YourNest.