Ensure that you have all the evidence listed above before starting the application. That includes:
- 2 months' payslips (or invoices and tax returns if self-employed)
- 2 months' bank statements
- MoneyHelper Budget Planner spreadsheet
- EntitledTo Calculator Results PDF
- Proof of benefits (if applicable)
- Department of Work & Pensions Pension Credit Letter (if applicable).
After you apply
We will review your application to ensure we have everything we need to make a decision. If we need more evidence or have questions about your application, we will email you.
A panel will review fully completed applications within 5 working days (1 week) of the application being finalised (not from the date that your application is made). The panel will either approve or decline the application based on whether we believe you can afford to live independently. The decision will be made using the application and the evidence you have provided.
If you’re unsuccessful, we will give you feedback and advice on what you can do next. If your circumstances change, you can reapply.
If you're successful, your offer will be valid for 3 months. When you’ve found a property, you will need to get an invoice from your landlord or letting agent for the amount agreed by the panel. You will also need to sign a grant agreement which we will send after the invoice has been provided. If a property is not found within the 3 month period, you will need to reapply.
These funds can only be paid to a landlord or letting agent. We cannot repay you, or anyone else on your behalf, if you have already paid the deposit or first month's rent.
Once you’ve found a property, your letting agent may ask for a “holding deposit” which is usually equal to one week’s rent. You will need to pay the holding deposit yourself as this is different and separate from the main tenancy deposit that we will pay.
Apply now
When you have all the evidence ready and have read the information above, you can start the rent deposit scheme application form.