Introducing our new Lettings product: Zero Deposit Guarantee

News at Townends | 25/07/2018

We are excited to announce our partnership with Zero Deposit.

Zero Deposit gives tenants the choice of purchasing a guarantee instead of having to pay a cash deposit. Tenants pay a fee of one week's rent to move in instead of the typical upfront deposit equating to 6 weeks rent. Zero Deposit will give the landlord the security they need.

It is a regulated product, underwritten by one of the world’s largest reinsurance firms, so it gives landlords a firm guarantee with all the protections that you would expect from a credible financial product. Zero Deposit also have an exclusive partnership with the Tenancy Deposit Scheme (TDS) - who arbitrate any end of tenancy disputes - reassuring landlords that they have the protection of world leading insurance, but without having to negotiate with an insurer at the end of the tenancy.

Offering the Zero Deposit guarantee on a landlord’s property helps them to stand out during the marketing period and can lead to faster letting and reduced void periods.

Read more about the benefits of Zero Deposit for Landlords or for Tenants now.