Why No Deposit is so popular with landlords

With the rising cost of living, increased regulation and growth of online competition, it is more important than ever to attract and retain landlords. We can help you with that, by increasing your landlord’s protection levels and providing speedy end of tenancy payouts. Thousands of landlords have already benefited from flatfair No Deposit, and yours can too.

If you don’t believe us, perhaps these eye-catching stats and stories from flatfair landlords will sway you.

Our protection levels are second to none. We offer up to 10 week’s cover against damages and/or rent arrears, which is double that of a traditional deposit.

Some of the biggest letting agents in the UK are offering No Deposit to their landlords, including Arun Estates, haart, Hunters, and many more. With our partners’ help, we have protected more than 18,000 landlords for a total of £73.5 million!

We have lots of procedures and offers in place to encourage tenants to look after their property, such as discounts on end of tenancy cleaning, and membership discounts if they use flatfair again and have kept their property squeaky clean.

We also integrate with referencing providers Homeppl and HomeLet to ensure tenants are thoroughly checked by their advanced technology before moving in.

Which is why 83.8% of 11,000 move-outs with flatfair have closed without any charges or the charge was paid right away by the tenant.

At the end of tenancy, we know mistakes happen and charges can occur, which is why our market-leading protection is so useful for landlords.

flatfair landlord Andy McGarrick was “delighted” that he had flatfair’s added protection to fall back on when things went wrong:

We are quick to ensure landlords not only receive what is fully owed to them, but also in a timely manner. And once charges are agreed, we put landlords back in pocket within 10 days.

With our end of tenancy team constantly sourcing new and efficient methods, we reduced the time taken to pay landlords by 60% last year.

Which is why flatfair landlord Angie was thrilled that flatfair’s protection levels and efficient end of tenancy process made it easy for her to reinstate her property to an excellent condition, ready for her next tenants to move in.

Does flatfair No Deposit sound like something your landlords will love? If you don’t yet offer a deposit alternative, what are you waiting for? And with nearly 68% of letting agents expecting rent arrears to increase this year, there has never been a better time to offer your landlords increased protection.

Get in touch today to attract more landlords by offering market-leading protection and speedy end of tenancy payouts.