Freedom
from deposits
Reduce costs
The Zero Deposit™ Guarantee replaces the traditional cash deposit. It costs the equivalent of one week’s rent plus a £59.99 set up fee at the point you move in, and then £17.50 each year.
Protected and fair
Zero Deposit operates a no deposit rental scheme that is regulated by the FCA and our claims process is designed to give everyone peace of mind.
Designed for you
Getting started with a Zero Deposit Guarantee on your rental is quick and easy. You can even release a deposit within your current tenancy.
What is the Zero Deposit™️ Guarantee for tenants?
The Zero Deposit Guarantee allows you to rent your next home without paying an expensive security deposit, or you can unlock the money you have tied up with an existing deposit.
Our no deposit scheme provides your landlord with more protection than a traditional deposit. It involves you paying a lower upfront payment of one weeks’ rent plus a set up fee at the point you move in, and then £17.50 each year.
How does Zero Deposit renting work?
Our process is smooth and hassle-free, helping to take the stress out of renting and moving house.
Purchasing a guarantee
You choose to purchase a Zero Deposit Guarantee to replace your security deposit. If you’re already living in your rented property, speak to your agent about beginning the process of releasing your deposit.
The tenancy ends
At the end of the tenancy, if there are no damages or unpaid rent, then the Zero Deposit Guarantee will end and there is no further action required.
Damages or unpaid rent
If there are any damages or unpaid rent at the end of the tenancy, you’ll still be liable to pay for them. Any disputes that can’t be resolved with your landlord will be referred to TDS for adjudication.
How can the Zero Deposit scheme benefit you?
Whether you’re about to rent a new home or you’ve already moved in, the Zero Deposit Guarantee can help you rent deposit free!
New tenants pay less upfront
New tenants can use a Zero Deposit guarantee instead of an expensive cash deposit.
Existing tenants free up cash
Existing tenants can use a Zero Deposit™️ Guarantee to get their cash deposit back.
Fair check out process
At the end of the tenancy, our process ensures that disputes have a fair outcome for everyone, with TDS providing impartial adjudication
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Ready to get started with Zero Deposit?
To rent without having to pay for a costly security deposit, simply signup and we'll send you an email with everything you need to get started.
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Partner Agents
Find agents offering deposit free renting near you.
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
- The cost of the Zero Deposit Guarantee is one week's rent plus a £59.99 set up fee. It is not returned to you at the end of your tenancy or offset against any claim by the landlord
- There is an annual fee of £17.50 per tenancy collected every year by Direct Debit from the first anniversary until the end of your tenancy
- If you dispute your landlord’s claim, and our expert evaluation partner finds in your landlord’s favour, we will settle with them and then seek reimbursement from you. Failure to pay us at this stage will result in us passing your debt to a debt collection agency which may incur further costs for you and could affect your credit rating
- A Zero Deposit Guarantee is offered to you as a choice, so if you prefer to pay a security deposit, you can. With a traditional deposit your money will be returned to you if there is no financial loss or damage due to the landlord at the end of the tenancy