What happens to the holding deposit if I withdraw my application?

No – this is covered in the Reservation Agreement Terms and Conditions. We (the Agent) will cancel the reservation and not repay the Holding Deposit in the following circumstances: a. If the Landlord is prohibited by section 22 of the Immigration Act 2014 (persons disqualified by immigration status) from granting a tenancy of the Property […]

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Is the holding deposit the tenancy deposit?

The Holding Deposit together with the additional deposit becomes the Tenancy Deposit if a tenancy is granted and is transferred in its entirety to the custody of the Deposit Protection Service (the DPS). Still not answered your question? We love questions so fire it at us using the contact details here Please rate this article […]

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If my offer is accepted what are the next steps?

The granting of a tenancy will be subject to: • Completion of Reservation Agreement and payment of Holding Deposit • Completion of tenant reference application and satisfactory references (incl. any pet references and references from all landlords in the last 3 years) • Provision of proof of immigration status • Provision of proof of personal […]

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How much is the holding deposit?

The Holding Deposit is different for every property and is shown in the written particulars (on our website and property portals) for the property. The Holding Deposit is equivalent to 5 weeks rent and can be calculated by multiplying the monthly rent by 1.25 e.g. rent of £700 per calendar month = Holding Deposit of […]

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