The Elavace Estates NIL deposit scheme

Having finally found the perfect property to move into, the first stumbling block can often be the first payment of the tenancy. To which many discover they simply cannot afford to pay the costs upfront. This is because the first instalment is made up of:

·      First month’s rent in advance

·      Deposit in advance: the equivalent of 6 weeks rent

How can we help you?

We offer the NIL Deposit Scheme to any tenants who might not have the available funds to cover this payment and are unable to pay the deposit all in one go. Through this scheme, you can now pay a one-off fee, which is the equivalent of just one weeks rent + VAT. However, unlike a regular deposit, this payment is non-refundable.

For example:

A property costing £500 per month would mean the new tenant is required to pay £500 upfront for rent, and a further £500 for the deposit.So the first month would cost £1000. However, through our NIL Deposit Scheme, you would just have to pay a one-off fee of roughly £140.

The money that can be saved from this scheme will you put you in a better financial position, whether you want to put this aside and put into the property or have it ready for the next months rent.

If you want to know more about the NIL Deposit Scheme then please do get in touch with us, we are more than happy to discuss these with you in more detail. This could be a great opportunity for any new tenants who might be struggling to work up the funds to pay the deposit on their new home.To find out more, call us at: 0151 808 0697