Holding Deposit
To hold the property whilst we confirm your application, a holding deposit is required equal to 1 weeks rent.
To work out how much this would be is a simple calculation, divide the monthly amount by 4.35. So, for example, an offered monthly rent of £700 would give you a weekly amount of £160.91.
A landlord or agent may be entitled to retain a holding deposit should a tenant have provided false or misleading information at the time of applying for a tenancy.