Jon Notley
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Guest Blogs
Landlords win with Zero Deposit
CEO and Co-Founder of Zero Deposit, Jon Notley, explains how agents can give added value to their landlords with the UK’s only FCA-regulated deposit replacement guarantee.
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Supplier advice
From launch to leader – 12 months of Zero Deposit
CEO and Co-Founder of Zero Deposit, Jon Notley, charts the stellar rise of the UK’s only FCA-regulated deposit replacement guarantee.
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Features
Tenant Fees Act: Life after the ban
Nigel Lewis looks at how the repercussions of the Tenant Fees Act are panning out across the industry – and the realistic opportunities that agents have to recoup lost income.
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Latest property news
Zero Deposit signs exclusive partnership with Residential Landlords Association
Landmark deal sees Jon Notley's alternative deposit guarantee offered to RLA's 35,000 landlord members.
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Latest property news
What happens after the tenant fees ban?
Zero Deposits CEO Jon Notley makes the case for the emerging alternative deposits sector and its potential to create revenue for lettings agents.
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Latest property news
Cash crisis! Nationwide calls for radical reform of rent deposits
The Nationwide has today called for the rental deposits system to be reformed after revealing that it takes renters on average nearly two months to get their deposits back after their tenancy ends and that one in five have to wait more than three months. The building society is calling for greater consistency in the treatment and return of deposits so that tenants can get their deposit back faster, and a more practical approach by landlords and letting agents to handling them. “We need to consider more pragmatic solutions, including transferring deposits from one tenancy to the next, providing appropriate short-term loans or a guarantee”, says Paul Wootton (below), Nationwide’s Director of Specialist Lending. “Nationwide is already working with other organisations who are equally aware of the need for a practical approach that meets the needs of both tenants and landlords, without being an obstacle to moving home.” Nationwide’s research among 2,000 renters found that 4% of those canvassed reported waiting for more than six months for a rent deposit to be returned, while more than a third of renters had previously lost some or all of their tenancy deposit. The most common reasons for deposit deductions are property cleaning,…
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Latest property news
Zero Deposit signs up Foxtons and will ‘soon’ be in 3,000 branches
Insurance-backed rental deposits alternative Zero Deposits has signed up leading London agent Foxtons and national chain Your Move.
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Latest property news
Upad changes its fee structure to reflect what ‘landlords really want’
This is the second time the online-only lettings agency has changed the way it charges landlords this year.
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Features
The zero option
A raft of new products aims to replace tenancy deposits, Andrea Kirkby reviews the current offerings and where it may all end.
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Latest property news
Spicerhart signs up 100 branches with deposits alternative service Flatfair
Agency group Spicerhaart has signed up with smartphone-based deposits alternative Flatfair and will now offer the service via the company’s 100 lettings branches to its 15,000 landlords. Instead of taking a deposit, tenants pay a ‘membership fee’ equivalent to one week’s rent while landlords are covered for up to 12 weeks’ worth of rent. Tenants are still liable for any damages to the property and unpaid rent, sums that Flatfair recovers itself on behalf of the landlord. Benefits claimed by Flatfair,which is not an insurance-based product unlike many of its competitors, include faster damage payouts, access to a pool of more reliable tenants via its tenant scoring system, faster lettings, lower agent costs and fewer lengthy voids. “Many landlords are concerned that their property is not sufficiently protected by a tenancy deposit, particularly true in the light of the upcoming deposit-cap, and that lengthy void periods and penalties eat away at their rental yield,” says Spicerhaart’s Lettings Development Director Paul Sloan (left). “We were highly impressed with Flatfair’s innovative technology and how easy the platform was to use. We’re confident it’ll mean not only lower up-front costs for tenants but also help make our landlords’ properties more appealing. Flatfair, which…
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