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.
But not everybody is convinced of the merits of the insurance-based alternative to traditional tenant deposits, and so today’s discussion, featuring Flatfair’s founder and CEO, Franz Doerr, should be a lively one.
You can listen to the show by clicking here.