Sign up to our Editors Choice newsletter now! Click here

Council offers bond in place of deposit to PRS landlords

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

Council offers bond in place of deposit to PRS landlords

24DASH.COM Logo

Published by Max Salsbury for 24dash.com in Housing and also in Finance, Local Government

Council offers bond in place of deposit to PRS landlords Council offers bond in place of deposit to PRS landlords

South Northamptonshire Council is offering landlords a bond instead of a cash deposit in an effort to ease tenants into the private rented sector.

The scheme means that landlords would be able to claim against the bond should damage or rent arrears occur.

Although credit checks would not be carried out by the council, the tenant would undergo an expenditure assessment, checks on their tenancy history, and anyone with a tenancy-related debt will be excluded from the scheme.

The checks would be carried out by the council’s accommodation officer and benefits team - which it is hoped will give landlords’ confidence in their new tenant without the usual tenancy set up costs.

The local authority would also complete a property safety inspection and if required complete a full inventory before the tenancy starts.

Councillor Dermot Bambridge, the council's portfolio holder for economic development, regeneration and housing, said: “As part of our work to improve our housing services for the district we are pleased to introduce this new scheme which will make finding suitable accommodation achievable for more people.

“Part of our approach is to make sure we have face to face meetings with all relevant people with a housing need so that we have an understanding of the whole picture.

“So not only will the process be more efficient for people looking for a new home but also we will be able to give landlords greater confidence in the tenants we find for them.”

Comments

Login and comment using one of your accounts...