Property News · June 10, 2017

Deposit-free renting sounds good – or could tenants lose out?


New plans aim to ease the burden of having to find an average £967. But they come with a warningDeposits can be the bane of tenants’ lives. Not only do renters have to fork out hundreds of pounds in letting agent fees, but they usually have to stump up the equivalent of a month’s or six weeks’ rent as a deposit, too. However, several new ventures reckon they have found a way to rent properties without having to put down a deposit.According to the Deposit Protection Service, the average deposit in England and Wales stands at £967, though London renters typically have to put down around £1,750. In total, an estimated £3.6bn is held by deposit protection schemes across the UK. Continue reading…

Source : theguardian.com
Read more…Deposit-free renting sounds good – or could tenants lose out?

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