Ladybird Living Ltd specialises in the sale, letting and management of properties in London. If you are interested in buying or renting in London, please contact us today: www.ladybirdliving.co.uk
To summarise:
1. A zero deposit scheme is a method of renting a new home without having to pay a large deposit (currently capped at five weeks’ rent). Instead, tenants are required to pay a non-refundable fee based on a week’s rent only.
2. One of the major benefits of the zero-deposit scheme is that it reduces the amount you must pay initially which saves you money.
3. Those from lower income backgrounds benefit from the scheme because it provides a more affordable and less stressful way of securing a tenancy.
4. A disadvantage is that you are still required to pay one weeks’ rent as well as a setup fee and you will not receive this deposit back.
5. Long-term tenants would also be required to pay a yearly admin fee to remain in the zero deposit scheme.
If you require any further property advice or would like to buy or rent property, please contact us on the following:
+44 (0)203 488 1488 - info@ladybirdliving.co.uk
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