Selby deposit help from bond scheme

The local authorities in Selby provide a maximum of £500 for paying a damage deposit. The assistance is provided in the form of a bond guarantee to the landlord as well as tenant, and it will only cover any costs involved in the loss or damage to the property being rented.

Council funds will also only pay for privately rented accommodations as social housing has their own application process in place. The bond will pay up to £500, and while many landlords require more cash from the prospective tenant for the leasing costs, this amount can make a difference to a Selby resident on a low income.

The scheme is for single people over the age of 18, families, or couples. They also need to be low income or in receipt of a means-tested benefit, such as Universal Credit. Only these individuals that are receiving help from the government can apply.

What is the aim of the Selby bond guarantee?

The amount of council housing in the district is limited and the demand exceeds supply. Rather than have a family be homeless, the council created this scheme to help people access private rented accommodation. The challenge is that many of these property owners require up front cash for either a deposit or rent in advance payment.

This can be very difficult for families on benefits to pay. They do not have the cash that is needed to pay these costs. So this is where the Selby bond guarantee scheme can assist.

The local authorities will be provide this support so the tenant does not need to come up with as much money as they would otherwise need. The £500 can go a long way to helping the resident locate a home to move into. Landlords also benefit in that they get the full guarantee of the council and have the security knowing that bond is in place.

The primary aim of the Selby bond is to cover the damage deposit. When the tenancy agreement ends, if there is any excessive repairs needed to the property to fix it, than the property owner can make a claim against the guarantee. While in almost all cases, the bond will pay for the damage deposit, in some cases a landlord can request the funds be used to pay for paying legal bills or rent arrears.

If the landlord ever makes a claim, and the council agrees to it, then the tenant will need to repay the Selby Council. They have the final responsibility regarding the property.

The local authorities will also help the resident locate an affordable home or flat to live in. They have a list of landlords in the private sector that may have housing and that will accept a council bond to pay for the deposit. The housing specialist from Selby will also inspect the home, assess the tenancy agreement, and help the family obtain certificates for gas and electricity service.

The prospective tenant will need the ability to pay the rent in the future on their own. Whether it is income from a job, or fast tracking for Housing Benefits, this can be arranged by the council. They have applications, advice, and offer families other support.

The main address of the Health and Housing Services office to apply for a bond is Unit 1, 50 Micklegate, Selby, YO8 4EQ, or people can dial 01757 705101 for applications as well.