Older renters are heading for a bleak retirement with significantly less financial security than their homeowning peers.
One in five renters has borrowed money that needs to be paid back for their five-week cash deposit, putting them in a precarious financial position before moving in.
A growing number of tenants in the build-to-rent (BTR) sector are using deposit alternative products as many opt to invest a lump sum instead of locking it away in a traditional cash scheme.
The areas where landlords face the most challenges with deposits have been revealed, with Oxford leading the way.
PropTech firm Rentals United aims to disrupt the short-let market with a property damage protection service paid for by a small nightly fee.
The average rent arrears claim climbed to £2,064 in the third quarter of this year, a 22% rise on the same period last year.
Kind-hearted mydeposits customers have donated more than £66,000 of interest earned on their deposits to the Centrepoint charity.
The number of people renting homes by themselves has reduced significantly over the past three years as the cost-of-living crisis has hit many renters’ pockets, new research reveals.
Just over half of tenants surveyed about the cost of living want their rent to include all their utility bills, it has been revealed.
