Work out your budget

When you sign a tenancy agreement you can expect to pay a deposit and usually a month's rent in advance. You may have to pay a holding fee, and might need a guarantor. Think carefully how you can budget for this on top of paying your current accommodation fees and living costs.

You also need to make sure you take all of the additional housing costs that come with renting privately into consideration when working out how much you can afford to put towards your accommodation costs. For example, if you work out that you can afford £500 a month to pay towards your accommodation, you shouldn't be looking at properties that cost £500 a month in rent, as this won't leave you with any money towards other housing costs - such as your electricity, insurance and water rates. Below are details of the costs of renting privately. You should read each of these and take them into consideration when working out your budget. 

International staff

Some private housing providers want tenants to have a guarantor who lives in the UK.

If you do not have a UK guarantor you may be asked to pay anything between 3 and 12 months rent in advance.

Housing Hand are an organisation who may be able to provide you with a UK based guarantor.

For more information on guarantors, see our section on contracts and agreements contracts and agreements.

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