Looking to rent in Milton Keynes?
Whether looking to rent a stylish apartment with excellent transport connections, a 3-4 bed modern family house or somewhere full of character, our local agents will find you a place to feel at home.
Upon an application being accepted for a property (subject to contract and satisfactory references being obtained), Taylor Walsh will take a holding fee equal to one weeks rent of the chosen property.
The property will be removed from the market whist the referencing is in progress and we will not conduct any viewings whilst this is underway for a maximum of 10 working days. You will have 2 working days to submit the referencing forms and requested identification to the office from the date that we received the holding fee. If you do not return and complete the referencing forms in this allotted time, we will refund the fee to you and the property will be re-marketed.
A deposit equalling 5 weeks rent, taking into account the holding fee already paid and a months’ rent in advance is payable all before check-in and the release of keys.
Upon satisfactory completion of the referencing process, the holding fee will be used towards the first months’ rental payment.
If referencing is unsuccessful or if the applicant pulls out of the process, then the holding fee will be refunded in full.
However, if the information is found during the referencing process that has a negative effect on the result and was not declared on the application forms and we are therefore subsequently unable to proceed with a tenancy, the holding fee will not be refunded and will be wholly retained by Taylor Walsh.
A start date of the tenancy will also be agreed by all parties in writing at the application stage and again once referencing has passed. Failure to adhere to this once the referencing has passed will also result in the holding fee not being refunded and being retained in full by Taylor Walsh.
Should the Landlord withdraw the property for any reason at all during the referencing process or after, the holding fee will be refunded in full to the applicant.
As part of the referencing process a soft credit check will be carried out and applicants must meet the affordability criteria which is calculated at the rent per calendar month x 33%. For Guarantors, this is calculated at 36%. Bonuses and commissions are not taken into account unless guaranteed by the employer.
| COMPANY FEES | For any companies wishing to rent, these are our company fees |
|---|---|
| Referencing | £360 inc VAT |
| Renewal fee | £120 inc VAT |
| CHANGE OF TENANT DURING TENANCY | £50 inc VAT administrative and referencing costs per applicant |
| LETTING FEES | Cost of a replacement key: £6 – a security key may be more |
|---|---|
| CHANGE OF TENANT DURING TENANCY | £50 inc VAT administrative and referencing costs per applicant |
Looking to Rent in Milton Keynes?
Whether you’re after a stylish apartment with great transport links, a modern 3–4 bedroom family home, or something full of character and charm, our dedicated lettings team at Taylor Walsh is here to help you find your perfect home.
Below is a clear summary of the rental process to help guide you through what to expect when renting with us:
Renting a Property with Taylor Walsh – Step-by-Step Guide
1. Application & Holding Fee
Once your application has been accepted, we’ll request a holding fee equivalent to one week’s rent for your chosen property.
After the holding fee has been received:
- The property will be taken off the market
- We will pause all further viewings while referencing is underway
2. Submitting Referencing Documents
You will have two working days from the date we receive your holding fee to submit your referencing forms and ID.
If we don’t receive your completed forms and identification within this time, the holding fee will be refunded and the property will be re-listed.
3. Referencing Checks
As part of the referencing process, the following checks will be carried out:
- A soft credit check
- A reference from your current or previous landlord
- An employment reference to confirm income
To meet affordability:
- Applicants must earn at least 33× the monthly rent annually
- Guarantors must earn at least 36× the monthly rent annually
You’ll need to provide documents such as recent payslips and bank statements.
Please note: Bonuses and commissions are only considered if they’re guaranteed by your employer.
Referencing usually takes up to 10 working days. If we are unable to complete it in this time, we may not be able to proceed.
4. Referencing Outcomes
- If referencing is successful, we’ll move forward with your tenancy.
- If referencing is unsuccessful, or you decide to withdraw, your holding fee will be refunded in full.
However, if any adverse information is discovered (e.g. undisclosed credit issues) that was not declared on your application, we will not be able to proceed and the holding fee will be retained by Taylor Walsh.
5. Agreeing the Tenancy Start Date
We’ll agree a tenancy start date with you in writing at two key points:
- During the application process
- Again after referencing is completed
If, after passing referencing, you choose not to move forward or cannot meet the agreed start date, your holding fee will be retained and not refunded.
6. If the Landlord Withdraws
If, for any reason, the landlord decides to withdraw the property during or after the referencing process, the holding fee will be refunded in full to you.
7. Final Steps Before Move-In
Before your check-in appointment and the release of keys, you’ll need to pay:
- A deposit equal to five weeks’ rent (with the holding fee deducted)
- One month’s rent in advance
If your tenancy is managed by Taylor Walsh, your deposit with be lodged with the TDS Custodial Scheme.
Have questions or need support? Our friendly lettings team is always happy to help. We’re committed to making your rental journey smooth, transparent, and stress-free from start to finish.
Tenant Fees:
| Replacement key (key cutting fee plus cost of key) | £12.50 + cost of key |
|---|---|
| Change of tenant* (during tenancy) | £50.00 including VAT per person Cost includes referencing fee and processing fee |
| Re-referencing fee | £50.00 including VAT per person Cost includes referencing fee and processing fee |
*If agreed in writing by landlord and agent
Company Let Fees:
| Replacement key (key cutting fee plus cost of key) | £12.50 + cost of key |
|---|---|
| Referencing fee | £360.00 including VAT Cost includes referencing fee and processing fee |
| Renewal fee | £120.00 including VAT |
| Re-referencing fee* (during tenancy) | £50.00 including VAT per reference Cost includes referencing fee and processing fee |
*If agreed in writing by landlord and agent