Holding on to your holding deposit

Feb 23, 2015   //   by Keith McDonald   //   Banking and Savings Accounts  //  Comments Off on Holding on to your holding deposit

Street View

People are becoming increasingly resigned to the idea of renting their homes for longer and longer. In 2014, home ownership fell to its lowest level for 25 years, while numbers living in rented accommodation keep going up.

One of the less-considered difficulties about this state of affairs is that a generation of people no longer have control over the look and feel of a property that isn’t their own.

The idea of the dream home, characterised by your own décor and design, is fading away, as dwellers are left with little opportunity to customise the place in which they live.

Worse still, it can be a costly thing to attempt. Heart of House (at Argos) has found that a third of tenants have lost hundreds of pounds from their holding deposits by making changes to their rental property without asking their landlord’s permission.

Concerns are rising about what changes you can and cannot make to a property if you’re renting to ensure that you hold on to your holding deposit.

The following video, put together with assistance from the National Landlords’ Association, should shed a little light on how you can personalise your place without incurring the wrath of your landlord.

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