Room to rent

Pygott and Crone are offering To Let this fully furnished one single bedroom first floor room with communal living space, modern kitchen and shower room within the city centre of Lincoln with bills included. Deposit - £425 EPC Rating - DHolding Deposit (per tenancy) £85 One week's rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).Accessing applicant(s) rent affordability:
All applicants are assessed on their outgoing credit commitments and basic expenditures relevant to renting a home. These findings are then be compared to the applicants monthly income to determine if the rent is affordable to the applicant(s). HomeLet presents this figure to the agent/landlord on the final report, which will give an understanding of the maximum rent that the applicant is able to afford based on the applicants declared monthly income. All applicants must be fully referenced by HomeLet
Affordability Example
20% of total monthly income taken for expenses (as per HomeLet's process) minus outgoings = total rent affordability
Monthly income is £2200
20% of that is £440.00
Minus applicants monthly outgoings £800
Applicants Maximum Rent share available is £960 – (this is an example only and doesn't represent any figures for this specific property)
For further information on the process, please speak to a member of the rental team.