Zero Deposit
| Private | |
| ISIN | 🆔 |
| Industry | Insurance Services |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | Hertfordshire, UK |
Area served 🗺️ | United Kingdom |
Key people |
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| Products 📟 | Insurance |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Zero Deposit is a UK based deposit-free renting platform with its headquarters in Hertfordshire, UK. It provides an insurance-backed guarantee underwritten by Equitable Rental Insurance Limited, which is regulated by the Financial Conduct Authority (FCA),[1][2] which allows tenants to pay less upfront when renting.[3][4][5]
History
Co-founded by Jon Notley,[6] a former Commercial director at Zoopla,[7] Gavin Wiseman and Ben Austin,[8] Zero Deposit is the trading name of Global Property Ventures Limited.[9][1] Simon Embley is the current chairman.[10] The Zero Deposit Guarantee is an option instead of the traditional rental cash deposit, in the form of an insurance-backed guarantee paid for by the tenant. Instead of paying a cash deposit, tenants pay a premium equal to one week's rent to move into their new home.[5][3][4] The landlord is protected against financial loss up to the value of six weeks’ rent.[7][11][12][13]
Partnership
Zero Deposit is partnered with thousands of letting agents across England and Wales[1] as well as the national landlord association and the Residential Landlords Association.[9][7] It has also partnered with the London estate agency Chestertons to provide its deposit replacement product across their 33 branches.[12] A number of letting agencies, including Countrywide, Connells, Douglas and Gordon, Foxtons, Barnard Marcus, Knight Frank,[2] John D Wood, Acorn Group, and KFH have signed up to Zero Deposit to provide their customers with a deposit replacement scheme.[5]
See also
References
- ↑ 1.0 1.1 1.2 "Sharp rise in number of letting agents offering Zero Deposit guarantee". Landlord Today. 12 March 2019.
- ↑ 2.0 2.1 Kirkby, Andrea (25 February 2019). "Dawn of a new kind of tenant deposit". The Negotiator.
- ↑ 3.0 3.1 Yates, Sara (20 February 2019). "Zero deposit scheme: could renting a house without the hefty up-front payment really save tenants thousands of pounds?". Homes and Property.
- ↑ 4.0 4.1 Da Silva, Marc (5 December 2018). "Is the deposit-free rental model a good idea?". Estate Agent Today.
- ↑ 5.0 5.1 5.2 "Chestertons to offer Zero Deposit guarantee". Landlord Today. 26 September 2019.
- ↑ Renshaw, Rosalind. "ZTenancy deposit replacement firm launches new product allowing tenants to take their cash". Property Industry Eye.
- ↑ 7.0 7.1 7.2 Da Silva, Marc. "Zero Deposit's Jon Notley talks exclusively to Estate Agent Today". Estate Agent Today.
- ↑ "EYE exclusive: Ex-Zoopla commercial director Jon Notley reveals new venture". Property Industry Eye. 26 May 2017.
- ↑ 9.0 9.1 Da Silva, Marc (3 June 2019). "RLA endorses Zero Deposit guarantee". Landlord Today.
- ↑ "Zoopla-backed Zero Deposit attracts new investors including ex-Countrywide boss Grenville Turner". Property Industry Eye. 8 August 2017.
- ↑ Lunn, Emma (1 January 2019). "An alternative to rent deposits". MoneyWeek.
- ↑ 12.0 12.1 Norwood, Graham (26 September 2019). "High-end London lettings agency signs up to Zero Deposit". Letting Agent Today.
- ↑ Shoffman, Marc (26 September 2019). "Tenancy deposit replacement providers report progress as they grow". Property Industry Eye.
External links
This article "Zero Deposit" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Zero Deposit. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
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