Zero Deposit

Zero Deposit: a deposit alternative guarantee for UK rentals

Zero Deposit is a trading name of Global Property Ventures Limited (registration number 10328435), with its registered office at Business and Technology Centre, Bessemer Drive, Stevenage, SG1 2DX. The company operates as an insurance intermediary authorised and regulated by the Financial Conduct Authority (FCA), with reference number 797026. Its activity focuses on offering an alternative to the traditional security deposit in the UK residential rental market.

What the Zero Deposit Guarantee is

The Zero Deposit Guarantee replaces the conventional security deposit. Instead of paying a cash deposit equivalent to five weeks' rent, the tenant pays a lower upfront amount, around one week's rent plus a £59.99 set-up fee, and then £17.50 per year. This scheme is designed so that tenants can access a home without tying up a large sum of money.

For tenants, landlords and letting agents

The proposition targets three groups: tenants looking to rent without a deposit, landlords who want to offer this option to their tenants and letting agents who wish to incorporate it into their offering. The company states that over 7,000 agents are partnered with Zero Deposit and that the scheme works with 79% of the top UK estate agents that have chosen a deposit alternative. For landlords, six weeks' protection is offered.

Regulatory and dispute resolution backing

Zero Deposit presents itself as the only deposit replacement scheme that works with that proportion of UK agents and is regulated by the FCA. It also has a partnership with The Dispute Service, an organisation that manages disputes in the rental sector.

Complementary services and segments served

In addition to the standard guarantee, the company offers the Guarantor+ option and the Build to Rent service, aimed at rental properties built specifically for rent. It also maintains a blog with industry news and articles, including topics such as the Tenant Fees Act 2019, no deposit renting, regional rent spending statistics, pet-friendly properties and the relationship between agents and landlords.

Presence and corporate structure

Zero Deposit operates in the UK and its registered office is in Stevenage. The company presents itself as an alternative that seeks to streamline the rental process and reduce the initial financial burden for tenants, while offering cover to landlords and agents.

Location and contact

Business and Technology Centre, Bessemer Drive, Stevenage, SG1 2DX