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hello and thanks for joining me phil spencer for this episode where im going to be discussing the options open to renters when it comes to that chunky old deposit should you stump up the cash or plumb for an alternative but before i get into that do please subscribe to this channel to make sure you dont miss the latest advice on all things home related if youre on youtube click the bell for notifications of each new post move iqr partnering with canopy in this series who aim to make life easier for renters and today were looking at deposits and asking is it better to put down a cash deposit or avoid tying up your money by using a deposit alternative scheme theres a link below with more details about canopys deposit free offering now theres no doubt that finding the money for a deposit is likely to be the biggest upfront expense for anyone renting a property the deposit is usually equivalent to five weeks rent an average is just over a thousand pounds in england and wales and a