Living in London made easier and more affordable - explore how deposit-free renting at The Forge can help you save cash and build up your credit score when you rent one of our homes
What is Deposit-Free Renting?
Interested in our townhouses or apartments for rent in Upton Park? Have our wonderful homes stood out and told you about us as a community and a lifestyle? Let’s help make your decision even easier – something that shows how The Forge is different; changing living in London for the better, forever…
Our Deposit-Free Renting option can save money when you move here. If you’re eligible, you can rent one of our inspirational homes and take advantage of everything The Forge offers – without having the stress of putting down an expensive deposit.
Not only that, but it can help build up your Experian credit score with every month you pay your rent – putting you on the path to a brighter future.
How does it work?
Once you decide that The Forge is the next step in your life’s journey, our deposit-free renting is the cost-effective alternative to paying a deposit. It’s like taking out an insurance policy, which covers you up to the amount of what you would have paid as a deposit – but costing you 10-18% of that value.
And, when living in London, that’s a significant saving to be making.
This policy covers everything a standard deposit does. Want to extend your stay when your tenancy ends? It’s easy to renew your policy (renewal premium applies). Should a claim be made when you move out, you’ll pay an excess of 10% of the amount that has been claimed.
All eligible residents will get a product information document with more details about how it works.
Am I eligible?
We can’t guarantee that everyone who wants to live at The Forge will be able to take advantage of deposit-free renting, but it is easy to find out if it’s available to you.
First, you need to create a ‘RentPassport’. It’s quick and easy to do, using either the online portal at www.canopy.rent or with the dedicated iOS app. This creates an instant digital profile, with Canopy taking care of all the standard estate agent referencing checks.
Get your RentPassport here.
Once you have a RentPassport, you’ll get a TrustScore. If your TrustScore is Silver or above, this means you’re eligible for deposit-free renting. You can also see how paying your rent each month is helping to improve your Experian credit score with Rent Tracking through your passport.
Deposit-Free Renting is underwritten by Hiscox.
Canopy is a trading name of InsureStreet Ltd., an appointed representative of Ambant Underwriting Services Ltd. for general insurance intermediary business; authorised and regulated by the Financial Conduct Authority (no. 597301) to carry on insurance mediation activities.
InsureStreet is registered in England and Wales (no. 10287920);
The registered office is at We Work, SouthBank Central, 33 Stamford Street, London, SE1 9PY.
For more details, please go to www.canopy.rent.