Zero Deposit, one of the deposit alternative services, says it’s developing a new team dedicated to the Build to Rent sector. 

A statement says: “This strategic move aligns with Zero Deposit’s mission to redefine renting, expanding their proven no-deposit model to cater to the unique needs of institutional property operators and renters alike.”

It’s to be led by Jon Hammond who has seven years experience in BTR.

A spokesperson for Zero Deposit says: “Jon brings a wealth of knowledge, deep industry relationships, and a genuine belief in improving renter experiences – qualities that align perfectly with Zero Deposit’s values and objectives.”

Zero Deposit says it’s the only deposit replacement provider that provides full regulatory protection to both tenants and landlords, and claims to be used 79% of what it calls “the UK’s top estate agents” offering deposit alternatives.