We are proud to offer a new no deposit option to our landlords and tenants, the £0 Deposit Replacement Scheme.
This allows tenants to rent a property with the benefit of providing no deposit as part of the initial account prior to the commencement of the tenancy, replacing the traditional deposit held in one of the government approved schemes.
No deposit, no problem!
You can filter your property search with ‘no deposit option’, or look out for property listings that contain this symbol:
What are the benefits to Landlords?
- The scheme provides an insured sum of 1.5 months rent should the tenant fail in their obligations at the end of the tenancy
- Encourages tenants to move in quicker
- Simple to understand and easy to obtain
- Once agreed, the scheme will remain active until end of tenancy
What are the benefits to tenants?
Lots of our landlords are interested in letting their property with the no deposit option but have not implemented the scheme yet. If you would like to rent a property with no deposit, please enquire via the local branch and our Estate Agents will ask the landlord to consider this, on your behalf.
- Allows you to start the rental process quicker, no longer having to save for a deposit
- Your moving costs are reduced as there is no need for a large upfront deposit to be paid
- Once agreed, the scheme will remain active until end of tenancy
More information on how this no deposit option with our £0 Deposit Replacement Scheme works can be found in our Terms and Conditions, Guide to Landlords and Guide to Tenants documents.
