We believe that renting a home involves more than just being able to pay your rent and that your quality of life is also very important. It is important that you have considered all the other expenses such as household bills so that you as the tenant are able to live within your means.
We recommend that you draw up a budget of all your costs that you may incur and then work out how much you could comfortably afford to pay in rent.
We have listed below a few examples of bills which you should consider:
- Water bills (usually paid monthly)
- Council Tax (usually paid monthly)
- Gas and electricity bills (either by a pre-payment meter or monthly by Direct debit)
We also suggest that you take into consideration other luxuries such as:
- Mobile phone
- Food/ clothes
- Travel/ car insurance
- Childcare/ maintenance
- Gym/hobbies/nights out
- Loans or credit card repayments
Once you know your budget and you are able to assess how much you are able to allocate towards rent please do get in touch and we will do our very best to help you find the right property.
We also have our own formula to ascertain affordability, which is the rental amount multiplied by 30, this is the amount of annual income required. For instance, the amount of combined income required if the rent was £650 would be £19,500pa i.e. the rent of £650 every month x 30 = £19,500pa required income
