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Renting or buying a home in Lincoln

Renting in the private sector

There is a huge range of privately rented accommodation in Lincoln, including rooms in shared houses, self-contained flats, bungalows and houses. The private rented sector can provide good quality accommodation in a suitable area available for you to move quickly. This could provide accommodation in the area you want to live which you are able to access much quicker than in the council or Housing Association properties.

What to expect

There are a number of things to consider when looking at renting in the private sector, some of these are listed below

  • A deposit – usually four weeks rent
  • A months rent to be paid in advance when moving into a new property
  • Rent should be paid as a priority
  • You will be expected to sign a tenancy agreement agreeing to the terms and conditions of renting the property, this will also include details of what you can and cannot do in the property and what your responsibilities as a tenant are as well as the responsibilities of the landlord. Read this carefully as it is a legal document
  • Tenancies in the private sector usually last six months, you may be able to negotiate a longer tenancy. After the initial period a tenancy can be extended by a fixed period or on a rolling month by month basis
  • Some landlords offer a house share with other tenants which may be suitable for you needs, you will generally rent a bedroom to yourself and share kitchen, bathroom and living spaces. Be clear about which bits are shared and where your responsibilities lie
  • Some landlords may offer furnished or part furnished properties
  • The Landlord may ask for references from previous landlord, be prepared to provide these

Look around

There are various estate and lettings agents operating in Lincoln who may be able to assist you in finding a home to rent in the private sector. The local papers often advertise properties which can be rented directly from a landlord.

Properties may also be advertised on local notice boards or within supermarkets, local shops or post offices.

Be realistic

  • What can you really afford?
  • Remember you need to be able to pay your Council Tax, insurances, bills, food and travel as well as your rent.
  • Don’t overstretch yourself
  • If you are claiming Local Housing Allowance ensure your allowance covers the rent or you can afford to pay the additional if it doesn’t.

Buying a property

There are various estate and lettings agents operating in Lincoln who may be able to assist you in finding a home to buy in the private sector.

If you will need a mortgage speak to a mortgage advisor who will help you to get the most appropriate mortgage for your household, they will also be able to tell you how much you are able to borrow and what deposit you will need to enable you to borrow.