The Rent Deposit Scheme offer qualifying tenants a virtual deposit to help them secure a private rented property.

What is a virtual deposit?

A virtual deposit is a written agreement between the landlord, tenant and the council.  The agreement from the council offers the landlord security to cover the cost of a deposit on behalf the tenant when they don’t have the money to pay a deposit up front.

The virtual deposit lasts 12 months and the tenant agrees to save the deposit and pay this to the landlord.

How would i qualify for help with a deposit?

To qualify for the Rent Deposit Guarantee Scheme you must:

  • Be aged 16 and over
  • Be able to manage a tenancy without support
  • Be able to afford the rent

In addition the property must:

  • Be in Newcastle
  • Be accredited

How do i apply for help with a deposit?

 

To apply to the Rent Deposit Scheme you will need to complete an application form

When you apply you will need to provide:

  • Proof of identity and date of birth
  • Proof of national insurance number
  • References from previous and current landlords
  • Evidence of your right to remain in the UK if you are not a British Citizen

Once you have found a property you think is suitable you will need to tell us:

  • The address of the property
  • The Landlord’s name and phone number
  • How much rent and deposit you need to pay