What is the Rent Deposit Scheme?
At the start of a tenancy, landlords usually expect one month’s rent in advance and a deposit against any breakage and/or damage.
We provide a Rent Deposit Scheme so that people who cannot afford these initial payments can borrow the amount needed. The loan is interest-free and paid back over 12 months.
Alternatively, the landlord may agree to take a bond from the council.
What is a bond agreement?
Instead of the tenant borrowing the deposit and having to repay this as a loan, the council guarantees a payment for the landlord, if they needed to make a valid claim at the end of the tenancy. We would then recover the amount of the claim from the tenant.
A bond agreement means that the tenant does not have a loan and monthly repayments to make, and so may be a more affordable agreement if the landlord agrees to it.
Who can apply?
The scheme is only available to households that are homeless or threatened with homelessness and who do not have enough income or savings to meet the upfront costs of renting privately. You must live or work in Huntingdonshire or have a need to move here to give or receive support.
We will not help with a loan if you already have any outstanding debts with the council and you must also not be an undischarged bankrupt.
You should find a suitable home before you apply for a loan. It must be used as your only home, be a size that is suitable for your needs and in a reasonable condition. The rent must be appropriate for the type of property.
How to apply?
St Mary’s Street
We use electronic scanners to check and verify identity documents from all customers applying to access council services. We will scan documents with a product called Trust ID
Tenancy deposit protection
Landlords accepting a deposit from a tenant must place the deposit in a government-backed tenancy deposit scheme.
View more information on the tenancy deposit protection scheme.