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Buying Guide

A step-by-step guide to buying your ideal property.

1. Decide exactly what you're looking for and how much you can afford to pay.
2. Register with us by calling on 0208 488 0011. or register here online. We’ll then run through your criteria so we know exactly what to show you.
3. View each property with a list of things you want to find out. Check out any communal areas, the general condition of the property and the things you think need fixing. Check the water pressure and, if the existing tenants are in the property, ask them questions about their experience of living there. We can help and advise during this process.
4. Once you have found the right property, you need to leave a holding deposit to secure it. Confirm with us your preferred move in date, the full costs involved and the length of contract.
5. Reference checks. These typically include:

  • A credit check to ensure you have a good credit history and no CCJs
  • Employers reference to ensure you have a full time permanent job and ensure sufficient wages to cover the rent
  • Landlords reference (where applicable) to ensure you have conducted your previous tenancy in a satisfactory manner
  • You’ll also be asked to provide bank statements and photographic ID. If your income is deemed to be insufficient or because of problems with these checks, you may be asked to provide a guarantor.

6. Our Fees
Referencing fee: £120 inc VAT per person
Tenancy agreement fee: £150 inc VAT for the property
Final inspection fee: £120 inc VAT
Property World is a member of the Property Ombudsmen Redress Scheme and NALS Client Money Protection Scheme
Deposits are held with either the Deposit Protection Service or Tenancy Deposit Scheme
7. The contract is the agreement between you and the landlord and is signed by both. It specifies the tenancy term and other conditions, such as how many times the landlord of letting agency might visit. The landlord is normally your main point of contact once you’ve moved in. We can help explain any of the terms of the tenancy agreement if you’re not sure.
8. You will be required to pay a security deposit equivalent to six weeks’ rent plus the initial first month’s rent
9. Check the inventory thoroughly and make any amendments you think are necessary. There should also be a schedule of the condition of the property with photographic evidence.
10. Make sure that you have the contact details for whoever is managing the property plus any emergency phone numbers in case of emergencies. Then move in, register for council tax and utilities and enjoy your tenancy.