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03/08/2018

End Youth Homelessness partnership

In the first 18 months of our partnership with End Youth Homelessness (EYH) we’ve raised £424,000 and counting.

We launched the Rent Deposit Scheme (RDS) in June 2017 and since then we have supported over 107 young people into their own home.

They have benefitted from a rental deposit guarantee to help them secure their tenancy and 86 have also chosen to use the home essential grants that we fund, which help pay for household items once they have moved in. They are also receiving financial advice and support in building the life skills and confidence they need to move on to lead successful and independent lives.

Kate*, who was one of the young people we supported told us: “I feel happy and confident about my life now and where it is heading. I honestly don’t know what my life would look like now if it wasn’t for the Rent Deposit Scheme.”

Although we’re making good progress, it takes time to get a project like this off the ground. Finding an affordable property in an environment suitable for young people, who are likely to have had chaotic lives so far, can be a struggle. EYH’s member charities have 131 landlords supporting the RDS scheme so far, but we need more on board in order to provide suitable properties for all the young people who are ready to move to a stable home.

Finding landlords who are willing to house homeless young people continues to be a challenge. Some mortgage providers also enforce restrictions on who their buy-to-let customers can rent their properties. We’re pleased to play our part in changing this, and all our buy-to-let mortgage customers are able to rent their properties to those claiming benefits. If you are a landlord and interested in our scheme, please contact Charlotte Milner.

*name changed to protect young person’s identity

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