Peterborough Streets rent deposit schemes in Cambridgeshire

People from the Cambridgeshire can get assistance from Peterborough Streets for moving into a new property. The charity has been helping the homeless and individuals on a low income for many years, and was formerly known as St Theresa’s.

Various services are offered to assist with addressing housing problems. They operate schemes for paying a security deposit, provide budgeting advice and also offer referrals to those people who are having problems with their housing benefits.

Terms of the deposit scheme from Peterborough Streets

The main resource available is the Deposit Bond Scheme. It will help those future tenants that have a low income. It assist them if they meet all qualifications and can’t afford to pay the cash deposit on their own. This programme is run on behalf of the local council in Bath.

This assistance is mostly available as a result of their partnership with landlords in the area. Many property owners are able to benefit from this guarantee as the schemes from Peterborough Streets will provide landlords in the region with insurance that they will be able to receive funds from the tenant.

Most of the landlords in the area, including Cambridgeshire, ask for a deposit from a new tenant. The reason they do this is to have some funds available in case the property is damaged over the course of the tenancy agreement. Or the funds can be used to pay any rent arrears that may be due from the tenant when their lease is done. Peterborough Streets can solve these problems as the deposit has many purposes.

The bond that can be issued is a form of guarantee that is provided by Peterborough Streets. So if the tenant does have problems during the course of their stay, the landlord can make a claim against the bond. So this reduces the risk to the landlord and it encourages them to provide housing to a low income family or maybe formerly homeless individual.

There are many properties that are part of this Deposit Bond Scheme. They are located across Cambridgeshire. The monthly rent amounts for the units will vary based on size and number of rooms. If a property is selected, it needs to be at a monthly rent amount that the tenant can afford to pay on their own over time. All of this is run in close partnership with the LHA – Local Housing Allowance.

There are eligibility requirements to get a bond. The individual applying needs to be over the age of 18 and have a low income. It can be issued by Peterborough Streets to both single people or families. The guarantee may also be for those that receive some form of housing benefit. In some cases, a person that is currently homeless, or faced with it, may also be eligible for a deposit bond from the scheme.

The landlord of the property will always need to agree to accepting the bond as a form of rental deposit. So their participation is very important and the programme can’t work without it. In some cases, Peterborough Streets can help mediate some type of arrangement for both the tenant and the landlord.

Additional services for the homeless and tenants

Peterborough Streets can also help tenants with any debt or money problems they have. This is a service available across Cambridgeshire. Counsellors can provide clients budget advice on, tips on paying bills, and other support. Spending your income more wisely can help an individual free up their money for paying a deposit on their own.

Other assistance may be provided by Peterborough Streets as well. They also operate a volunteer transport service for the disabled and elderly. The charity can also help those from the area with applying for housing benefits or a discretionary payment, and this is done by referring tenants to the local council.

For more information or to apply, call 01733 894989. The address is Padderley, North Bretton. Note that many people in the area still refer to the charity as St Theresas.