Jon Notley’s Zero Deposit launches with backing from four key agents

Tenant deposits alternative Zero Deposit has launched, several months after it was originally expected kick-off, as deals with several key agents were negotiated. Co-founded by Jon Notley, the former commercial director at ZPG, Zero Deposit now says it has the financial and distribution backing of Connells, LSL, Knight Frank and the Acorn Group. “The robust nature of its offering is why we have given it our backing,” says Tim Hyatt, Head of Lettings at Knight Frank (pictured, left). “Given the constant raft of legislative changes taking place in the lettings industry on an almost monthly basis, it is great to see such a positive, well-executed initiative coming to the market.” Zero Deposit also has deals set up with the insurance company providing cover for its product, Munich RE as well as ZPG and TDS, which is providing its dispute resolution. 1,000 branches The agent deals are arguably the most crucial, giving Zero Deposit access to tenants renting properties through some 1,000 branches across the UK. This morning’s launch is restricted to the four named agents backing the venture and who will now be rolling out the Zero Deposit product, although Jon Notley says after a few weeks his company will…