Rent Deposit Scheme

Rent Deposit Scheme

Are you 16-25? Homeless or at risk of becoming homeless? Are you ready to embrace the opportunity to access your own tenancy?

End Youth Homelessness’s Rent Deposit Scheme is a joint initiative, funded by Yorkshire Building Society, administered by End Youth Homelessness (EYH) and delivered by Simon Community Scotland in Glasgow.

Simon Community Scotland’s Rent Deposit Scheme works with young people between the ages of 16-25 who are homeless or at risk of becoming homeless.  We believe that accommodation, support, education and employment are the best routes off the streets as they lead to a better future for our young people.

What is a Rent Deposit?

The rent deposit scheme provides landlords with a guarantee certificate in place of a traditional cash deposit. This security bond (a formal agreement) protects the landlord from rent arrears or damage to the property. Claims can be submitted by landlords in case of property damage as a result of the tenant’s actions, or failure to meet rent requirements.

Young people accepted onto this scheme will be or about to be entering education, employment and/or training. They will also have demonstrated the ability to save for their own deposit over an agreed period of time. They will maintain the conditions of their tenancy, respect their neighbours, and collaborate with Simon Community Scotland to make their tenancy a lasting success.

Each young person supported through the Rent Deposit Scheme will benefit from financial advice and dedicated support to help build their life skills and confidence.

Benefits to Young People:
  • You will have the opportunity to move into your own rented home, without having to pay any upfront costs.
  • You will receive support to find a suitable property and moving in.
  • You will receive financial advice and dedicated support to successfully maintain your tenancy.
  • You will receive a Home Essential Grant, to help furnish your new home.
  • You will receive support in claiming your housing benefits and finding education, employment or training.
  • You will receive support with practical matters, such as setting up utilities like gas and water services and securing furniture.
  • You will receive support to help you move on successfully from your tenancy when the time’s right for you.
  Benefits to the landlord:
  • Simon Community Scotland has a list of potential and suitable tenants, so you could fill vacancies quickly and free of charge.
  • Simon Community Scotland helps to secure earlier payment of housing benefit.
  • Each tenant is given a move-in grant, to help furnish their home.
  • You can help a young person in need of housing to make an independent start in life.

Eligibility

Young people:

  • Aged between 16-25, who are willing to look for education, employment and/or training.
  • Be homeless or threatened with homelessness.
  • Be in control of your finances and have little or no existing rent arrears.
  • Be on benefits or a low income and capable and confident in living independently.
  • Be willing to set up, and make regular payments into your own savings plan.
  • Work with Simon Community to resolve any problems that may arise.
  • Inform Simon Community Scotland before taking any action to end your tenancy.

Landlords:

  • Ensure all properties meet basic safety requirements.
  • Be willing to let properties to young people receiving benefits or with low income.
  • Work with Simon Community Scotland to resolve any problems that may arise.
  • Inform Simon Community Scotland before taking any action to end the tenancy.
  • Provide evidence of buy to let mortgage or mortgage-free status.
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If you or someone you know would like to know more information please contact us by phone, email, facebook, or snapchat.


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