How do I qualify for zero deposit?
Who is eligible to use Zero Deposit? Any tenant can use Zero Deposit if they pass referencing for their share of the rent, or have a guarantor who also passes referencing. Agents must use one of our approved reference providers.
What is a zero deposit option?
A zero-deposit guarantee is a way for potential renters to significantly reduce initial upfront costs required to rent a property. Essentially, the tenant takes out a non-refundable insurance policy, typically the cost of a week's rent. They also agree to pay for any damages incurred at the property.
Can I rent a house without a deposit?
What is the Zero Deposit Guarantee? A Zero Deposit Guarantee replaces the traditional security deposit. Zero Deposit renting is faster and more affordable for tenants and means that you can move into the home you love without putting down an expensive five week cash deposit.
Is a zero deposit scheme good?
Zero Deposit certainly fills a need as it removes the challenge of renting if you don't have a lump sum for a deposit. However, there is a cost. Tenants have to pay for the guarantee with a week's rent, per property, which is non-refundable.
What is a Zero Deposit scheme?
What is the Zero Deposit Scheme? A zero-deposit guarantee is a way for potential renters to significantly reduce initial upfront costs required to rent a property. Essentially, the tenant takes out a non-refundable insurance policy, typically the cost of a week's rent.
Is the Zero Deposit scheme good?
Zero Deposit certainly fills a need as it removes the challenge of renting if you don't have a lump sum for a deposit. However, there is a cost. Tenants have to pay for the guarantee with a week's rent, per property, which is non-refundable.
Can you rent without a deposit?
A Zero Deposit Guarantee replaces the traditional security deposit. Zero Deposit renting is faster and more affordable for tenants and means that you can move into the home you love without putting down an expensive five week cash deposit.