Information for tenants
Once viewed, a holding fee of 10% of the rent is required up front, to secure the property for you and suspend its availibility advertising. Home from Home's administration charges involved in the tenancy for each adult – and these are the only charges Home from Home makes to tenants – are £150 plus VAT for the first tenant; for two tenants - £280 plus VAT and if a Guarantor is involved then a further charge of £80 plus VAT is made. On the day you move in, the following sums - in cleared funds - will be due: one month's rent in advance; the full deposit (less the holding fee).
Clearing references: when you will need a guarantor - we use Endsleigh to seek clearance for your credit rating and for full reference clearance. If a tenant has a *satisfied* county court judgment, he or she will need a guarantor, along with a certificate/letter of satisfaction from the court. *Tenants with active county court judgments are not normally accepted by Home from Home.* If all tenants moving into a property do not jointly earn a minimum of 30 times the monthly rent as an annual salary (for example, 30 x £500 pcm = £15,000 per annum), a guarantor will also be required.
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