Renting with a Zero Deposit™ Guarantee is available through a large number of letting agents that have partnered with us.
Use the link below to find a letting agent that offers Zero Deposit flats and houses near you. If your current agent is not on the map yet, tell them about the Zero Deposit option and that you'd like to rent deposit-free.
A Zero Deposit Guarantee costs a tenant 1 week’s rent, so if your rent is £220 per week, that is the cost. The Zero Deposit Guarantee is automatically renewed on an annual basis. On renewal, there is a charge of £26 which covers the cost of managing the Zero Deposit Guarantee. Where there is a change of tenant under an existing Assured Shorthold Tenancy Agreement, the new incoming tenant will need to pay a £40 fee to be added to the Zero Deposit Guarantee.
When do I pay for the Zero Deposit Guarantee?
You will need to pay for the Zero Deposit Guarantee at the same time that you would normally be expected to pay the security deposit.
How do I use Zero Deposit when renting?
Zero Deposit is offered through letting agents that we have partnered with across the U.K.
Find the closest Zero Deposit partner agent to where you're looking to rent and ask them for Zero Deposit listings.
How much does it cost to cancel?
There is no cancellation fee, but you can only cancel within a 14 day cooling off period after purchasing the Zero Deposit Guarantee.
How does the Zero Deposit scheme work with multiple tenants?
The Zero Deposit scheme works with multiple tenants to make all tenants jointly liable for any financial loss or damage suffered by the landlord. Each person signs the joint Zero Deposit Guarantee and shares the cost of fees. When a tenant moves out, we’ll update your documentation. New tenants moving into the property will pay a £40 admin fee.
Who pays for the Zero Deposit Guarantee?
The Zero Deposit Guarantee is paid for by the tenant.
What happens at the end of the Assured Shorthold Tenancy Agreement if I cause damage or don’t pay my rent?
If you cause damage or fail to pay your rent when your tenancy ends, you must pay the landlord directly. If you don’t, we will pay them on your behalf and may use a debt collection agency to collect any money owed (you could be liable for these costs). Be aware that fees paid towards the Zero Deposit scheme are non-returnable.
What happens if I don’t pay you?
It is important that you do. If you do not we may pass your debt to a debt collection agency which could affect your credit rating. You may also be liable for the costs we incur engaging the debt collection agency.
What if I disagree with the amount being claimed by the landlord?
If you disagree with the amount being claimed by your landlord, we will refer your case to The Dispute Service (TDS), who will review the evidence and decide whether you are liable for any financial loss or damage under the Assured Shorthold Tenancy Agreement and, if so, the amount you must pay.
How do I know that I can trust Zero Deposit?
Integrity is one of the core values of our business. Zero Deposit Guarantees are provided by Great Lakes Insurance SE, which is regulated by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority which means there are safeguards in place to help ensure you get a fair and transparent product with no hidden risks.
How are claims resolved in case of a tenancy with a Zero Deposit Guarantee?
Disputes over claims are resolved through our partnership with The Dispute Service (TDS), which ensures fair outcomes for landlords and tenants when end of tenancy disputes arise at no deposit rental properties. TDS adjudicators make decisions on the evidence provided, complying with the Adjudicator Code of Conduct, available on the TDS website.
What if I extend my stay at the property beyond the initial tenancy period?
The Zero Deposit Guarantee will automatically renew if your tenancy agreement is extended and we charge an annual administration fee of £26 on renewal.
What if my landlord doesn't accept a Zero Deposit Guarantee?
If your landlord doesn’t accept the Zero Deposit scheme, you will need to pay a tenancy deposit into a traditional rent deposit scheme. It’s the landlord’s choice whether to offer deposit free renting, so please check with them before thinking about purchasing a Zero Deposit Guarantee.
What happens with multiple tenants when one person decides to leave?
When we are informed that a tenant is released from a multi-tenant agreement, we will update the Zero Deposit Guarantee to reflect the change and re-issue guarantee documentation. Any new tenants moving into the property will need to be added to the Zero Deposit Guarantee and will need to pay an administration fee of £40 to do this.
Do I get my fee back when I leave at the end of the tenancy if there are no issues?
Do you offer services to vulnerable customers?
“Customer vulnerability” is defined as any personal, social or other factor(s) that may impact your ability to exercise informed decision making, rendering you vulnerable to suggestion and/or impacting your confidence to lend or borrow. Below we have outlined a broad range of vulnerable circumstances and situations including, but not limited to:
Illness/Sickness – This could be due to a short-term condition or something of a longer-term nature such as recuperating from medical conditions.
Physical Disability – The broad nature of disability encompasses a number of forms including but not limited to: deafness, blindness, and the restriction of limb use or mobility. All of these are factors which may impact your ability to purchase a guarantee through Zero Deposit.
Bereavement - Loss of a partner, relative or close friend may temporarily render you susceptible or vulnerable, something which may impact rational decision making.
Mental Capacity - This applies to customers who may suffer from any form of mental incapacity, which again may impact your ability to purchase a guarantee.
We cater to vulnerable customers. If you feel one of the above might be applicable, you can contact us here or call and a member of the team will be able to assist you.
Will Zero Deposit ever request my password or other security details?
We will never ask for your password or login details. If you receive any request for this information, kindly report it to us at firstname.lastname@example.org
Ensure you do not use a password that can be easily guessed and never use the same password for multiple websites for which you are registered to use. Be minimalist with the amount of personal information you share about yourself online, to help reduce your risk of identity theft and fraud. Always update your computer, tablet and smartphone’s operating system and web browser software. We recommend you use anti-virus software to protect your devices.