Analysis: Tenancy deposits – tailored tenancies
Many tenants struggle to find a lump sum of money to put down for a deposit. Insurance instead of a deposit provides an alternative – offering tenants greater affordability and increasing security for landlords. It could also mean a welcome new class of business for insurers – so, is it viable?
Anyone who’s ever rented may well remember the pressure and pain of having to come up with, and hand over, a whacking great deposit needed to secure a property. This is held without interest payable
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