Renting with Nicholas Bonfield

Administration fees are payable on all properties. Once your fees are received, the property is secured and withdrawn from the market for one week, while references are obtained. The fees are as follows:

Administration Fee per Property

  • Single tenant £250 plus VAT
  • Second tenant(s) £35 plus VAT
  • Guarantor £50 plus VAT

We are here to help you, if you are concerned about your credit or credit history please talk to us, about a pre-application credit check, or disclose any reasons as to why you think this may fail, so we can consider this before we accept your fees. If you withdraw your application, the fees are non-refundable. 

All tenants and occupants over the age of 18 must be referenced and listed on the tenancy agreement.

Renewal Fees

If the tenancy you are applying for is a 'fixed term' the landlord will require us to re-negotiate an extension. A fee of £40 plus VAT will be payable.

Occasionally we market some properties on behalf of other management companies, any additional costs will be made aware to you.

Application process

Your first step is to pay an application fee, by cash or BACS transfer. You will then receive a link to an application form from our referencing company 'Legal 4 Landlords', which you will need to complete as thoroughly as possible.

We will contact you as soon as your application has been accepted to agree a move in date. At this stage we will take payment for your deposit in full, along with the first month’s rent.

Following on from this the tenancy agreement will be produced. This is a Legally binding contract that needs to be signed by all listed tenants. We will generally email the contracts to you, to be signed and returned to our office within 5 days.

You will need to pay the first months rent in full, in cleared funds, at least 24 hours prior to move in. Payment can be made by cash or bank transfer.

If you have a guarantor, we will also need a signed Deed of Guarantee.

Affordability calculator

An affordability calculator is used, this is determined by taking the monthly rent and multiplying it by 30. Please see examples below showing monthly rent and minimum gross annual salary required.

Monthly Rental   Tenant Salary
£300   £9,000
£400   £12,000
£500   £15,000
£600   £18,000
£700   £21,000
£800   £24,000
£900   £27,000
£1,000   £30,000
£1,100   £33,000
£1,200   £36,000
£1,300   £39,000
£1,400   £42,000

 

In addition to your application form, we will also require to see, an original photographic ID (passport/drivers licence,) and proof of residency (recent utility bill or bank statement).

INFORMATION FOR GUARANTORS

In some circumstances, a Guarantor may be required.This person is responsible for your rental obligations. Your Guarantor will need to complete a Guarantor Application form, which will be sent via link by 'Legal 4 Landlords'.

Guarantors must be a UK citizen, employed full time, and a homeowner.- please call us to discuss your specific circumstances.