Thanks to the Mayor’s work with charities and employers, many London businesses now offer their employees interest-free tenancy deposit loans, similar to season ticket loans to help with the cost of renting in the capital.
The schemes vary, but generally they allow employees to borrow the money for a rental deposit as an interest-free loan, which is then deducted gradually from their salary payments over up to a year.
Speak to your employer (or your HR department) to find out if you’re eligible.
How do I know if I'm eligible for a tenancy deposit loan?
Need a document on this page in an accessible format?
If you use assistive technology (such as a screen reader) and need a version of a PDF or other document on this page in a more accessible format, please get in touch via our online form and tell us which format you need.
It will also help us if you tell us which assistive technology you use. We’ll consider your request and get back to you in 5 working days.