Costs and Moving in
The calculation used for defining the affordability of the rent is as follows:
- The monthly gross income of the tenant(s) must equate to 3 x the monthly rental figure ie rent of £700 pcm – gross monthly salary of tenant must be at least £2,100 per month
- Tenants must have a clean credit history
- If tenants are self employed they must have verification of their last 3 years accounts
- In most cases we are unable to accept tenants in receipt of housing benefit
- If you have been in your current employment for less than 6 months or your income falls below the above criteria, you may require a guarantor
If a guarantor is required he/she must be a UK Resident, preferably a home owner. The guarantor must also earn 37 x the monthly rent per annum, ie. on a rent of £700 pcm, the guarantor must earn £25,900 per annum.
If you are able to meet the above criteria and have paid your initial deposit, you will then need to complete an application form (form as below) and return this to us within 48 hours. You will have a maximum of 28 days between lodging your deposit and moving in to the premises.
Once your references have been accepted, a moving in date will be agreed. On this day you will be required to pay the outstanding balance in cleared funds ie, cash, bankers draft or a building society issued cheque.
The figure that you will pay represents one months rent in advance, deposit and administration fees. An example of the monies required (based on a rent of £700 pcm) is shown below:
First months rent: £700
Deposit: £900 (less £200 already paid upon reservation)
Admin fee: £120 plus vat per adult application
Guarantor (if applicable): £30 plus vat per application
Pet privilege charge (if applicable): £30 plus vat per application
Download your application form here
Download your guarantor application form here
Bacon & Co do not charge for Tenancy Renewals or Inspections.
Testimonials
i would like to thank you and all your people for the professional way your agency handled the sale. I knew exactly what was happening, almost, on a day to day basis. I would not hesitate to use your agency again and i will certainly recommend you.
I would just like to say how pleased I have been with Bacon and co managing property lettings over the years. The service has been completely trouble free and has allowed me to spend virtually no time on managing them myself. This has been so important in choosing property as an investment. Thank you very much again
I would like to take this opportunity to thank you all for your cheerful, polite and helpful manner at all times.
Just a really big 'thank you' for all your hard work in getting us into our new house… we love it! I never thought id hear myself say that an estate agents were good, but you were more than that… excellent communication, always friendly and caring and almost part of the family!
A prompt, efficient and cheerful service
Our Property Investment Company employ Hayley as our Letting and Management Agent, for one reason only "she's the best".
Thank yo so much for your hard work. You were so persistent and marketed our property so well! Thank you too for your kindness and courtesy. We will certainly recommend Bacon in the future.
I just wanted you to know how fabulous Tash and Dom have been with the sale of our house. Although there were times we didn't think it would happen Tash has been a complete superstar and deserves some recognition.
Many thanks for the Faultless help and kindness extended to me on the sale of my property. It was a pleasure to phone the office with my worries to always feel comforted and with knowing was getting genuine back up.
- BROADWATER
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Broadwater Branch
14-16 Broadwater Street West,
Worthing,
BN14 9DATel: 01903 524000
Email: broadwater@baconandco.co.uk
- WORTHING
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Worthing Branch
Central Worthing
19 Chatsworth Road,
Worthing,
BN11 1LYTel: 01903 521000
Email: worthing@baconandco.co.uk
- LANCING
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Lancing Branch
5 Station Parade,
Lancing,
BN15 8AATel: 01903 767600/1
Email: station@baconandco.co.uk
- GORING
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Goring Branch
72 Goring Road,
Goring-by-Sea,
Worthing,
BN12 4ABTel: 01903 520002
Email: goring@baconandco.co.uk
- LETTINGS
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Lancing Lettings Branch
50 Crabtree Lane,
Lancing,
BN15 9PJTel: 01903 756688
Email: info@bacon-letting.co.uk
