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Zero Deposit claims to be leading cash deposits alternative market with 11,000 tenancies

Claim is made as it inks deal with National Landlords Association, giving it access to over 41,500 property investors.

Nigel Lewis

deposits alternative

Leading cash deposits alternative platform Zero Deposit has signed a deal with the National Landlords Association (NLA) to be its exclusive supplier, giving it access to the organisation’s 41,500 member landlords.

The NLA says it picked Zero Deposit after looking at other suppliers in the market and that its products’ regulated status with the Financial Conduct Authority helped clinch the deal.

“We looked very carefully at this market and considered the various products available,” says the NLA’s CEO Richard Lambert (pictured, above).

The deal follows a similar agreement with the other main landlord member organisation, the Residential Landlords’ Association, announced last month.
Zero Deposit also recently revealed that it had signed up senior industry figure and former ARLA President Peter Savage as its spokesperson and ‘champion’.

deposits alternative“Landlords have had a tough time of late and have found themselves having to navigate through a pretty hostile market, with ever more changes to regulation and the tax regime,” says Zero Deposit CEO Jon Notley (right).

“One area offering some respite is the burgeoning deposit replacement market.”

Zero deposit has also revealed that its deposits alternative product now covers 11,000 tenancies in the UK and is being offered through 2,100 letting agency branches, putting it just ahead of its key rival Flatfair, which covers 10,000 tenancies.”

Its CEO Franz Doerr told The Negotiator that the company has processed 12,000 tenancies so far of which 2,000 have ended, leaving 10,000 still running.

“Adding the NLA to our list of partners is an exciting next step for us as we continue to expand and make Zero Deposit the go-to product in the sector,” says Notley.

August 1, 2019

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