New zero deposit scheme for rentals
A new zero deposit scheme is being introduced for those looking to rent a property. Saving the money for first month rent plus another for deposit is an expensive thing to do. When it becomes time to move on to another property the tenant has to then find the monies all over again.
This new scheme is only one weeks rent and the landlord is also still assured of the same cover as a traditional deposit scheme.
This will also help those who are saving long term for a deposit to buy, as well as those on low incomes trying to move.