Zero Deposits


Zero Deposits

Maximise your rental income and avoid move in delays with a Zero Deposit Guarantee.
We offer a Zero Deposit Guarantee allowing our potential tenants to have to a different option to a traditional tenancy deposit that also gives landlords, effectively the same cover and protection as having a tenancy deposit in the bank.

Find out more below.


More Informations for Landlords
Offering a Zero Deposit Guarantee as an option on your property helps you stand out from the crowd and attract a wider audience of tenants, which can lead to faster renting and higher rents.
 
Zero Deposit does not mean Zero responsibility.
Bad tenants are not let off the hook. Less than 1% of tenancies end with a full dispute*, but when they do we’ve got your back. We pay approved claims directly to you and pursue the tenant for payment, with financial and credit record penalties if they fail to pay.

Why choose a Zero Deposit Guarantee?
Zero Deposit reduces the upfront cost of renting for tenants, helping your property stand out from the crowd and attract a wider audience of tenants, which can lead to faster renting and higher rents.
  • Speeds up the rental process - Zero Deposit helps tenants reduce the upfront cost of renting, which can help speed up the process and reduce void periods.
  • Provides security & protection - A Zero Deposit Guarantee provides the same cover as a 6-week tenancy deposit and is underwritten by Great Lakes Insurance SE.
  • Helps to attract a wider audience - By giving you the potential to attract a wider audience of tenants, you can increase demand and reduce the time taken to rent.
  • Supports accountable tenants - Tenants remain fully accountable for looking after your property and making rental payments, with us only making payment to you in the event of a fair claim at the end of the tenancy.
  • Reduces paperwork & hassle - A Zero Deposit Guarantee is not a traditional deposit, so it doesn’t need to be registered with one of the deposit protection schemes, which can save landlords time and money.
     


What to do next
Let us know you want your properties to be available with Zero Deposit to help attract the widest possible tenant audience, we’ll handle the rest. For more information call 020 3961 7776 or contact your local branch.
*source Tenancy Deposit Scheme April 2017

More Infortmation for Tenants
Free up your cash by buying a Zero Deposit Guarantee instead of paying an upfront lump sum deposit.
Moving home can be costly, making it hard to find rent and your deposit, along with the other costs of moving. A Zero Deposit Guarantee costs the equivalent of one week’s rent and replaces the traditional tenancy deposit, aiming to make renting more affordable.
 
Why choose a Zero Deposit Guarantee?
  • Pay less upfront - Free up cash by paying a fee equivalent to one week’s rent
  • More choice - Zero Deposit gives tenants an alternative to the traditional deposit
  • Greater freedom when moving - Avoid having to fund a second deposit when moving from one rental property to another


What to do next
To qualify for a Zero Deposit Guarantee you need to pass our tenant referencing checks and be renting a property with a standard Assured Shorthold Tenancy agreement. A Zero Deposit Guarantee is not available on all properties and are offered subject to the landlord's approval. Get in touch with your local branch to find out more.