Preston Bond Scheme

Preston Bond Scheme (PBS) will provide a deposit in the form of a bond for a tenant seeking private rented accommodation who cannot afford the deposit. This is a guarantee certificate to cover the first six months of a tenancy.

Clients

Some of the funding available to this project is primarily aimed at young single people (18 to 25 years of age), however older single people, couples and in some circumstances families will be eligible for the scheme.

Priority will be given to prospective tenants who can show that being accepted by the Preston Bond Scheme will prevent them from becoming homeless.

All prospective tenants will be required to provide references and an accommodation history. They must be able to demonstrate a suitable level of responsibility and ability to conduct their tenancy in a reasonable manner.

Accessing accommodation

Accessing the private rented accommodation can be by two methods:

If the prospective tenant has found their own accommodation but cannot afford the deposit and the landlord is willing to accept a tenant on the bond scheme Preston Bond Scheme will assess the tenant. The landlord, if not already a Preston Accredited Landlord or a member of Preston Landlords’ Forum will be referred to the housing standards section who will check to ensure that there has been no history of complaints made to them regarding the landlord and/or their agent

Housing Advisory Services will hold a register of accredited landlords who have agreed to accept tenants on the bond scheme. They will refer an approved prospective tenant to a landlord if they are aware of a suitable vacancy