According to a recent report, there has been an increase in over-60s renting property across the UK. The findings have been revealed by Ome, a tenant deposit replacement scheme.
It assessed the cost required to secure a rental property for tenants aged 60 or over which highlighted how they face challenges when it comes to affording an initial deposit.
Ome claims that with the average rental deposit currently setting tenants back £1,139, it can be “a tough ask” to accumulate such a large amount of money to secure a rental property.
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