Help with paying a deposit

If you want to rent a home from a private landlord, but cannot afford to pay a deposit, we may be able to help you. Our Deposit Guarantee Scheme can offer landlords non-cash deposits (usually in the form of a written / paper bond) on your behalf.

 

Your local council's Housing Options or Housing Needs team will be able to help you with other steps you’ll need to take to get your tenancy started, such as completing housing benefit forms. They will also make the decision on whether you will be entitled to help from the Deposit Guarantee Scheme.

 

“Will I qualify for the scheme?” To qualify, you need to be aged 18 or over and meet the following criteria:

 

• Be homeless or threatened with homelessness.
• Be on a low income or benefits and entitled to housing benefit.
• Be capable of independent living.
• Be unable to afford to rent privately without help.
• Have a local connection to either Broxtowe, Gedling or Rushcliffe areas of Nottingham and wish to live there.

 

Please contact us to discuss making an application.

Information and advice for tenants

By simply choosing to pay your rent with Nottingham Credit Union (NCU) you will be more secure in your home and you’ll be directly helping to improve your local community.  

So how does it work?   

We process your rent payment from the council to your landlord.   

Your Housing Benefit is kept in a separate part of your account meaning it is guaranteed to make it to your landlord on time, every time.   

All you need to do is complete the necessary forms and become a member of NCU; it’s really that easy!

The Benefits for You; 

If you have trouble managing your money you know your rent money is kept separately and paid to your landlord on your behalf.

It helps to reduces you impulsively spending rent money on other financial commitments.

Your rent money will not be used to cover a bank overdraft.

Landlords are more willing to rent to a range of tenants giving you more property choice.

You can access any surplus moneys like any Savings Account upon request.

How do I get started?

Complete the necessary forms and send them into us, phone us on 0115 8283121 or email us info@nottinghamcu.co.uk and we will send you a pack.

Inform your landlord so they can give us their details for us to pass the rent on.

Make sure you give your local authority; Nottingham City Council, Broxtowe Borough Council, Gedling Borough Council or Rushcliffe Borough Council details of your NCU account so they can pay your benefits into your account. (This will be on the Bank Account section of your benefit application form, please make sure you put your NCU Membership number as your account number).