Bridgend Lifesavers

CREDIT UNION

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t: (01656) 729912 e: info@blscu.co.uk

Bond Saving Scheme

Bridgend Lifesavers Credit Union has developed a strong working partnership with The Wallich in order to help tenants to secure a home.

Who are the Wallich?

The Wallich are a Welsh homelessness charity working to find lasting solutions to homelessness. They have 14 projects across Wales, including Bridgend. For more information about the valuable work they provide within the community, please visit their website: www.thewallich.com

What is the Wallich Bond Board project?

The Wallich Bond Board project assists people on a low income to find private, rented accommodation. Private landlords often demand a large deposit or ‘bond' and without this lump sum of money, it can be difficult to find somewhere to live. 

If a tenant is eligible, the Wallich Bond Board can issue a two year bond certificate to cover the cost of a deposit on a rented flat or house.  The bond certificate will remain in place for a period of two years.  This bond certificate guarantees payments to landlords if the tenancy ends prematurely or if repairs are needed once the tenant has left the property (within the 2 year period).

A bond certificate will be issued to all eligible tenants on the understanding that they save towards the bond over a two year period. This is then transferred over to the landlord who will hold this bond as a deposit for the remaining term of the tenancy. 

Who is eligible to apply for a bond with the Wallich?

To check eligibility please contact the Wallich Bond Board on 01656 654442. 

 

Benefits of the Bond Savings Scheme

- Supports tenants in the move and resettlement process

- Promote positive relationships with local landlords

 

 

                                                             

Your Savings are protected up to £85,000 by the financial services compensation scheme (FSCS) For more information please click on the image.

 


Bridgend Lifesavers Credit Union The Life Long Learning Centre Murfield Close Sarn Bridgend CF32 9SW Telephone 01656 729912
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority

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