Application Form Instructions The Letting Factory.com use Homelet, who are a professional credit referencing agency, to reference all potential tenants. An application form must be submitted by each adult who will be living at the property. Please print the required form, complete using a black pen, sign the back page and return by post. Referencing Charges - A referencing charge of £80.00 + VAT (£96.00) is payable by each tenant/applicant (ie: if two adults are sharing = £192.00). Guarantors applications are also charged at the same rate.
- There is also an administration fee payable to The Letting Factory.com per property of £80.00 + VAT (£96.00) for the setting up of the tenancy.
- Fees are to be returned with the application forms. Once received and not before, The Letting Factory.com will hold the property until satisfactory references have been received.
- If references are unsatisfactory or you decide not to rent the property, the charges paid towards any credit referencing will not be refunded as these checks are processed as soon as the application forms are received.
Please Note: The processing of a completed application form/s does not commit the landlord of the property or The Letting Factory.com, to grant you a tenancy. Do you meet the Criteria? Before completing the application forms, please ensure you meet the required criteria: - A tenant will need to earn a gross income of at least 3 times the rental figure, eg: Monthly rent of £500.00 = Gross annual salary of £15,000.
- If there is more than one tenant then it will be 3 times their joint income.
- If your salary does not meet the relevant criteria or you have a poor credit history, you will need a guarantor. The tenant is to complete an individual application form and the guarantor completes a guarantor’s application form. The guarantor needs to earn at least three times the rental figure.
- For unemployed and student applications, a guarantor is essential in all applications. A guarantor section is included in each unemployed and student application form. You do not need to print out a separate guarantors form, and there is only one charge.
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