Property News · January 19, 2019

Could renting without huge deposits become the norm?


Tenants are being offered schemes that do away with the need for large amounts upfront Scraping together a deposit on a new flat is always tough for tenants, with the average amount demanded now more than £1,400 in England and Wales. Would you rather pay an insurance fee of about £300 – which you won’t get back – or find the money for the deposit? That’s the deal being dangled in front of tenants by some of Britain’s biggest letting agents.Rental deposits have soared in recent years, with tenants frequently asked to put down the equivalent of two months’ rent, which they won’t see returned for possibly years – and then with possible deductions. Continue reading…

Source : theguardian.com
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