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TODAY'S OTHER NEWS

Zero Deposit strikes partnership deal with second landlord trade body

Deposit alternative service Zero Deposit has become the “exclusive deposit replacement partner” of the National Landlord Association - less than two months after striking a similar deal with the Residential Landlords Association.

“Landlords have had a tough time of late and have found themselves having to navigate through a pretty hostile market, with ever more changes to regulation and the tax regime. One area offering some respite is the burgeoning deposit replacement market” says Jon Notley, chief executive and co-founder of Zero Deposits.

“We are already working with more than 2,100 letting agency offices across the UK and have covered over 11,000 tenancies to date.  Adding the NLA to our list of partners is an exciting next step for us as we continue to expand and make Zero Deposit the go-to product in the sector.”

Richard Lambert, the NLA's chief executive, adds: “We looked very carefully at this market and considered the various products available. Zero Deposit is the best organisation to recommend to our members, because they have thought through and answered all the issues, and gave us the reassurance that both the company and the product were regulated by the FCA."

Last month Zero Deposit announced its appointment of Peter E Savage, a two-time ARLA Propertymark President, as an industry spokesperson “to help communicate the benefits of deposit replacement products and the importance of regulated schemes.”

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    Tenant will have no 'skin in the game' and be less inclined to respect a property than they are even now.

  • S l
    • S l
    • 02 August 2019 10:26 AM

    They are creating even more rogue tenants as we speak as my current tenant now claimed he wants half his deposit back as the law says so and he doesn't have to professionally clean the house as agreed in the contract prior to the tenant fees ban. Now the house is in absolute mess and mould started to form, thanks to our friendly protective of vulnerable tenants who are actually in full-time work and can easily afford to buy their own house but decided not to because of all the responsibilities and maintenance involved and the law allows them to do so. thank you for your support

  • Paul Barrett

    All this tenant biased regulation will lead to tenant arrogance.
    Can't touch me Guv you are an evil LL and so I can take the p### out of you and the Council and Govt will support my fecklessness.
    You will just have to factor in my fecklessness into your business model won't you!?

    I believe so many LL fail to understand how power is draining away from LL if it hasn't already drained away already!!
    LL need to factor in the issues with tenants now as a vital part of the business model; it has now become even more important that LL factor in the dysfunctional eviction process into their business models and even more so when S21 is abolished as it surely will be to be replaced by a most probably dysfunctional enhanced S8 process.
    Factoring in these circumstances must inevitably lead LL to conclude that lower end rentals are no longer worthwhile.

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    If they leave in a mess they pay very simple rule which they will agree to Up Front.!!

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