How to Get Help Paying Your Rental Deposit

Finding the money for a rental deposit and first month’s rent can be challenging. Whether you’re moving into your first home or relocating, there are several ways to get help with these upfront costs. Here’s a comprehensive guide to the support available in the UK.

Government Support for Rental Deposits

Several government schemes can help with rental deposits and initial costs:

Discretionary Housing Payments (DHP): Available through your local council to help with housing costs, including deposits and rent in advance.
Universal Credit Budgeting Advance: If you’re on Universal Credit, you may be eligible for an advance to help with housing costs.
Local Council Schemes: Many councils offer rent deposit schemes or guarantee bonds to help residents secure private rentals.
Budgeting Loans: If you’ve been on certain benefits for at least 6 months, you might qualify for an interest-free loan to help with rent deposits.

Charitable Support and Grants

Several organisations provide financial assistance for rental deposits:

Shelter: Offers advice on accessing local rent deposit schemes and other housing support.
Turn2Us: Helps identify grants you might be eligible for and provides a benefits calculator.
Crisis: Provides housing support and can help access deposit schemes in some areas.
Local Housing Charities: Many areas have specific charities that can help with deposits and initial rent payments.

Alternative Options for Deposit Help

Consider these additional ways to secure your rental deposit:

Deposit Replacement Schemes: Some letting agents offer these as alternatives to traditional deposits, though carefully check the terms.
Rent Guarantee Insurance: This can sometimes be used instead of a traditional deposit.
Negotiating with Landlords: Some landlords may accept staged deposit payments or a guarantor instead.

Crowdfunding Your Rental Deposit

When traditional support isn’t enough, crowdfunding through JustGiving can help bridge the gap:

Quick Setup: Create your fundraising page in minutes and start receiving support immediately.
Share Your Story: Explain your situation and why you need help with your deposit. People often want to help others secure stable housing.
Flexible Fundraising: Raise exactly what you need for your deposit and first month’s rent.
Trusted Platform: JustGiving is a secure and respected platform that makes it easy for people to contribute.

Start your JustGiving fundraiser today to help secure your new home.

Tips for Managing Rental Costs

While seeking help with your deposit, consider these practical tips:

Budget Planning: Create a detailed budget to save for housing costs.
Research Areas: Look for areas with lower average rental deposits.
Check All Benefits: Ensure you’re claiming all benefits you’re entitled to.
Compare Agencies: Different letting agents may have varying deposit requirements.

Take Action Today

Don’t let a rental deposit stand between you and your new home. Explore government support, reach out to charities, and consider starting a JustGiving fundraiser to gather the funds you need.

Create your JustGiving page now and let your community help you secure your new home.