Zero Deposits

Tenants For More Information on Zero Deposit Renting Please Click Here

Pay less upfront and gain greater freedom when moving home
Moving home can be costly, making it hard to find your deposit, first month’s rent and 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.
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

How it works

1. You review your Zero Deposit Guarantee quote online, having been introduced to us
by your letting agent
2. You make a payment equivalent to one week’s rent, provide your Direct Debit details
and then the paperwork is generated, and copies sent to all parties
3. Your landlord gets a guarantee for the same amount as a 6-week tenancy deposit
and you remain liable for any damage or financial loss due to them
4. At the end of the tenancy, the inventory and check-out are completed and if you
leave the property in a satisfactory condition with no outstanding rent or bills, there
is no further action required
5. If there is any damage to the property or any unpaid rent, you will need to reimburse
the landlord yourself. If you dispute the landlord’s claim, you and the landlord will be
asked for evidence which will then be sent for expert evaluation
6. If the expert finds in the landlord’s favour, we settle the claim with your landlord and
seek reimbursement from you directly. If you fail to reimburse us at this point, you
may be liable for recovery costs and it could impact on your credit history
Important Information
 This Guarantee provides your landlord with protection if you do not pay them
directly for the cost of any financial loss or damage due
 You remain completely responsible for any financial loss or damage due to the
landlord, as you would with a traditional tenancy deposit

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