Applying
How affordability checks work
Income verification, outgoings analysis, open banking data — what lenders actually assess and what to do if you're turned down.
6 min read → Renting
Rent deposit
loan
Rental deposits and letting fees can amount to 5–6 weeks rent before you move in. A Cash Train loan covers the upfront cost so you don’t miss out on a property.
Apply now →Unregulated lender • Apply online — decision in minutes
What renting costs upfront
The real cost of moving into a rental property
Tenancy deposit
£1,000–£3,000
Legally capped at 5 weeks rent. For a £1,200/month flat that's £1,380 before you've even moved in.
First month rent in advance
£800–£2,000
Many landlords require the first month upfront alongside the deposit.
Referencing fees (agency)
£50–£300
Some agents still charge referencing or admin fees despite 2019 rules. Know your rights.
Holding deposit
£100–£400
Some landlords take a holding deposit to take the property off the market while referencing completes.
Rental costs vary significantly by location. London and other high-demand cities typically require larger deposits. Always get written confirmation of any fees before signing.
Loan options
Match the loan to your moving costs
Choose the tier that fits your situation — whether you need to cover a holding deposit, a full tenancy deposit, or deposit plus first month combined.
Flex
£500–£2,000
3–12 months
A standard rental deposit, first month's rent, or both combined.
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The process
How Cash Train works
01
Apply online
Fill in a short form with your details and the amount you need. Takes under 3 minutes.
02
Fast decision
Our technology checks your affordability and credit profile. Most decisions take under 2 minutes.
03
Money to your account
Approved and signed? We transfer funds direct to your bank — most arrive the same day.
Common questions
Rent deposit loan FAQs
Yes. Deposits are capped at 5 weeks rent under the Tenant Fees Act 2019. First month's rent in advance is also legal and very common.
At the end of the tenancy, minus any deductions for damage or unpaid rent. Your landlord must use a government-approved tenancy deposit scheme.
Exactly — this is one of the most common use cases. You're bridging the gap between paying the new deposit and getting the old one back.
Raise it through the deposit protection scheme your landlord used. Citizens Advice and Shelter can advise.
Don’t lose the property you want.
Apply online and get a fast decision — fixed monthly payments, no hidden fees.
Apply now →Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk