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.”