Personal Finance & Money Asked on December 5, 2020
A bit of background:
My fiancé is moving to the UK within the immediate future and I am looking to move out of my parent’s home into a rented property for 6 months to live with her, while we search for a home to buy of our own.
This will be my first time living outside of my parents’ home so I want to make sure I have a budget in place with a rough estimate of the living expenses we will incur.
The rent for a 1 bedroom flat that I found is £650 p/m and I was trying to figure out what our expenditure would be after utility, internet & council tax.
I checked the local council website and the property I wish to rent appears to be in band C (which according to the local council website is £1683.58 gross charge).
I believe this is the price for 12 months?
The tenancy period I have discussed with the letting agency is 6 months, by which time my fiancé and I would have hopefully found a place to buy of our own.
Will I have to pay for the entire 12 months of council tax – for a 6 month tenancy period?
Or is it calculated based on the amount of time I will be renting?
As an additional question (if I may); what other expenses should I be taking into consideration – other than energy, water, internet?
When you move in, you’ll become liable to pay the council tax for the remainder of the tax year, but you can arrange to pay in monthly instalments. And when you move out, what you owe will be adjusted to account for the unused period, so you should basically be able to stop paying at that point.
You’ve pretty much taken account of all the property-based regular outgoings for a tenant. Add in drainage (but it’s included in the water bill, so you’re probably accounting for it already) and a landline (which you’ll need for xDSL Internet even if you don’t want it for voice).
Correct answer by Mike Scott on December 5, 2020
I'd also add the following to your list:
Answered by Jon on December 5, 2020
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