Deposit-free renting will be a subject of discussion on the ‘You and Yours’ consumer affairs programme to be broadcast today on BBC Radio 4 at 12.15pm.
Given the financial pressure on renters under the existing deposit system, with tenants sometimes having to wait weeks to get their deposit returned or having a battle to get charges or financial deductions removed, and not always successfully as deposit disputes don’t always go their way, there is, perhaps unsurprisingly, growing enthusiasm for deposit-free renting.
With a growing number of letting agents signing up to nil-deposit schemes, they are rapidly becoming more commonplace, which is ultimately welcome news for many renters given that research shows that they unequivocally want choices.
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