Save up for a Deposit
When you rent privately, the landlord will usually expect you to pay what is known as a security deposit. If the landlord uses an estate agency or a property agent, then they will handle the deposit and the paperwork between you and the landlord.
A deposit covers the cost of any damage you might cause to property and avoids the landlord charging you additional costs to fix the issues. If there is no damage to the property at the end of your tenancy your deposit will be returned in full.
Deposit Protection Scheme
The landlord must protect your deposit in an authorised tenancy deposit protection scheme. The scheme ensures the safety of your money by making landlords hold deposits in accounts separate from their personal bank accounts.
It’s also possible to opt for deposit-free renting if you can’t afford to pay a lump sum. This however gives you less security as a tenant and if any damages occur in the property you will be expected to pay for them. You also won’t be covered by a deposit protection scheme.