Zero Deposit Option
Rent with Reposit
What is a Zero Deposit Option?
Renting a new home often requires a traditional security deposit, typically several weeks’ worth of rent. Reposit offers an alternative, allowing you to move in without tying up a large sum of money. Instead of a standard deposit, you pay a one-time, non-refundable service charge equal to one week's rent. This gives your landlord added protection through an insurance-backed guarantee while reducing your upfront costs.
Why Choose Reposit?
- Lower upfront costsFree up your money for moving expenses or other priorities.
- Quick and simpleNo waiting for deposit refunds at the end of your tenancy.
- Fair and transparentAny claims are handled independently to ensure fairness for all parties.
How It Works
Find your ideal property
If the landlord accepts Reposit, you can choose the No Deposit Option instead of paying a traditional deposit.
Pass referencing checks
Standard affordability and suitability checks still apply.
Pay a one-time Reposit service charge
Equivalent to one week’s rent, rather than a larger deposit.
Move in and enjoy your new home
You remain responsible for any damages or unpaid rent, just as you would with a standard deposit.
End of tenancy process
If no charges apply, your Reposit will close automatically 14 days after the tenancy ends. If a claim is made, you will have the opportunity to review and dispute it through an independent adjudication process.
Important to Know
Reposit is not a deposit
It is an alternative solution backed by an insurance policy.
The service charge is non-refundable
This fee cannot be reclaimed or used to offset any potential end-of-tenancy costs.
You remain responsible
Any damages or unpaid rent must still be covered by you as a tenant.
Claims are resolved independently
Any disputes are reviewed by a third-party adjudicator.
Find Out More
For full details and to see if Reposit is right for you