We know that money matters and understand that when looking for a student property, knowing what to pay, why your paying and how to pay can all be a little bit confusing so below you can find all of this information.

What will I need to pay and why?

Agency Fees
This is the first payment that you will need to make. This is the payment that takes the property that you are interested in renting off the market and it will be reserved for yourself or group. This fee covers the referencing process for yourself  and your guarantor and the contract signing. 

Depending on the size and type of the property are fees are as follows:

  • 3+ bedroom property (typically our HMO properties) £99 + VAT per person 
  • 1 room in a shared house £139 + VAT per person 
  • 1 – 2 bedroom property (under £850pcm) £300 including VAT 
  • 1 – 3 bedroom executive property (over £850pcm) £35% of one months rent + VAT

Deposit
Once the agency fee payment has been made you will have 7 days to make deposit payment. The deposit is most commonly equal to 1 or 2 months rent. This is then protected in one of the 3 government schemes and will be returned to you at the end of the tenancy subject to the condition of the property 

Deposit Protection Fee (DPS Fee)
The deposit protection fee is payable at the time of your deposit and this is the administration charge for protecting your deposit in the government scheme. The standard fee is £48 but if you are group of tenants this £48 is split by the number of tenants. For example, if you are a group of 6 then the fee would be £8 per person.

Summer Rent
If you are living in a property that has specific summer rental terms such as half or three quarter rent this will need to be paid before the 1stJuly. You can either pay the full amount for both July and August or make the payments for 1 month at a time. As all rent payments are due on the 1stof each month we recommend setting up a standing order or sending your rent for the 25thof the month to ensure that funds always clear in time. 

Monthly Rent
If you are living in a student property, with specific summer rental terms, then full rent will be due from the 1stSeptember for the rest of the academic year. This will need to paid via standing order that must be set up by each individual tenant. We request that standing orders are set up for the end of the month to ensure that funds always clear in time if the 1stfalls over a weekend or bank holiday.  

Who do I pay and how?

The payments of the agency fee, deposit and deposit protection fee (DPS fee) will all be made to ourselves as an agency. You have a choice of how you chose to make these payments:

Make a bank transfer
This is free of charge from a UK bank account and will need to be transferred to the following details:

Lettings Angels Limited
Sort Code 201827
Account Number 43535215

International details
SWIFTBIC BARCGB22
IBAN GB78 BARC 2018 2743 5352 15

* International payments do incur a charge of £18.00 - please add this to your total payment * 

Reference: Room number, House number and last name 

Make a payment via card in store over the phone 
We can accept payments via card both in store over the phone subject to a service charge. These service charges can be found below. If you wish to make a payment via card you can either pop in or call the office on 02922331425.

  • Debit card in store – 1.8% service charge 
  • Credit card in store – 3.75% service charge 
  • Debit card over the phone – 2.6% 
  • Credit card over the phone – 4.55%

Rent Payments
When making rent payments, who you pay this too is dependent on whether the property you are renting is managed or let only. These details can be found on the front page of your agreement along with the bank details of your landlord, should you be renting one of our let only instructions. 

If you are renting one of our managed properties you will need to make payment to the following details:

Lettings Angels Limited
Sort Code 201827
Account Number 43535215

International details
SWIFTBIC BARCGB22
IBAN GB78 BARC 2018 2743 5352 15

* International payments do incur a charge of £18.00 - please add this to your total payment * 

Reference: Room number, House number and last name

We do ask that for all tenants in managed properties, a standing order is set up for the 25thof each month to ensure that funds always reach your account. You can set up a standing order on your online banking, in one of the branches that you bank with or you can come into our office and fill out a standing order form on paper. Without a standing order set up, we will not be able to release keys unless this has been previously discussed.