Want create site? Find Free WordPress Themes and plugins.
New figures show more than two-thirds of renters think deposit free renting is a good idea.
A survey carried out by one property portal concludes that an overwhelming majority of potential renters want to see private landlords adopt deposit free renting schemes in order to make renting more affordable.
The research also argues that alternatives to traditional deposits such as deposit replacement insurance policies make properties “far more attractive” to renters and may also tempt renters in social housing over to the private rented sector.
Paul Malone from MovingSoon.co.uk, who carried out the study, is reported as commenting that “Many home seekers remain frozen out of private renting due to large deposits.
“Prospective tenants registered with our site strongly like the concept of an insurance scheme.
“Meeting the cost of the policy makes financial sense if the landlord can get a tenant quicker. Every week a property stands empty costs an owner money. For the tenant, some schemes track rent payments and that can boost their credit score. This is a massive bonus for young people eyeing the property ladder and might be the deciding factor in choosing to go with a private landlord”
Ajay Jagota is founder of deposit free renting firm Dlighted.
Dlighted helps tenants to rent with zero deposit by protecting their landlords and letting agnets with a deposit replacement insurance policy.
The cost of policy payment can be paid by the tenant, landlord or letting agent.
Ajay responded to the figures.
“I couldn’t have put it better myself – deposits don’t protect landlords, but they do cost them money and tenants.
“Not only do our low-cost policies ensure landlords are covered against rent arrears, property damage and legal costs, our research shows that in 85% of cases there the reason a renter chose their letting agent or property.
“The evidence is mounting – deposit free renting is a no brainer”.
Did you find apk for android? You can find new Free Android Games and apps.