Knowing how much rent you can afford from the outset can help you budget properly for the future. Use these helpful points to plan ahead and then once you have your numbers together use our planner below to consolidate it all.
Have a clear understanding of your finances and situation so that you can act quickly when we find you your next home.
Know exactly where you want to live, how much you can really afford and what you need to do to move in promptly. Renting property is a lot faster than buying. Be ready to act quickly so that we can make sure you get the home you want when you want it.
Ask advice about the cost of living if this is your first time renting and use the Lauristons Disposable Income Budget Planner to get an idea of how much disposable income you could have and how much of that you would use on a rental payment.
As a rough guide a most financial institutions advise of limit of about a third of your disposable income should be spent on your rent alone.
Complete section 1 and any that apply in section 2.
There are numerous outgoings to consider such as the utilities, water, electricity gas and oil, Council Tax, insurance, telephone lines, mobile, broadband and television, opticians, dentists, so have a look through your bank statements for the last year as its not always a regular monthly amount that should be included.