Agents Apr 15, 2024 < 1 min read
E-BOOK: The impacts of the cost of living crisis on the lettings industry 2024
The escalating cost of living has rapidly and significantly impacted the UK lettings industry. Agents are working…
Tenants can wave goodbye to costly deposits. Secure your new home with a small, one-off check-in fee and move in the very same day. When it’s time to go, you’ll only pay for damages or unpaid rent you are responsible for.
Deposits – they’re expensive. Tenants are spending an average of £3,350 on moving costs, and most are having to pay for a new deposit before they get their old one back. Did you know that there’s currently £5.2 billion locked up in deposit schemes? We want to change that.
We’ve saved tenants over £30 million in upfront costs. How? By offering them No Deposit, a fast and forward thinking solution that ditches deposits.
With flatfair’s No Deposit solution, tenants secure a new home with a small check-in fee instead of paying for a costly deposit, with any damages paid when it’s time to move out.
Find out moreNo need to pay a costly deposit, tenants just pay a check-in fee equal to one week’s rent (+VAT).*
flatfair takes extra care supporting referencing and collecting documentation.
If everything looks good, you’ll be able to move in the day you sign.
*Or £120 whichever is greater. Non-refundable and does not count towards any end-of-tenancy charges.
All of the regular end of tenancy checks still take place.
You only pay for what you are responsible for - tenants cover the cost of any damages or outstanding bills (as you would with a normal deposit).
flatfair’s flexible protection means we judge claims on a case by case basis, working with you and your landlord to sort out any issues within 10 days.
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flatfair No Deposit is the simple and safe alternative to traditional deposits. Instead, tenants pay a small check-in fee worth only one week’s rent or £120 (whichever is the greater), plus VAT, split evenly across the household, as well as any damage costs or missing rent being paid for when it's time to move out.
With No Deposit, you’ll only pay a small check-in fee worth only one week’s rent or £120 (whichever is the greater), plus VAT, split evenly across the household.
When you move out, you only pay for any slip-ups through our fair and easy check-out process. If there’s any issues, they’ll be resolved quickly and transparently with our government-backed independent adjudicators* on hand to help resolve any charges that cannot be agreed with the landlord.
*Tenants need to pay a £25 adjudication fee, which you’ll get back if the amount awarded by the adjudicator is less than the proposed charge.
For tenants, we charge a small check-in fee worth only one week’s rent or £120 (whichever is the greater), plus VAT, split evenly across the household.
No. Instead of a traditional five week security deposit, you'll only pay a small check-in fee worth only one week’s rent or £120 (whichever is the greater), plus VAT, split evenly across the household.
flatfair works with government-backed independent adjudicators* in the case of any disputes between you and your landlord. These are handled quickly and fairly to ensure a seamless check out process.
*Tenants need to pay a £25 adjudication fee, which you’ll get back if the amount awarded by the adjudicator is less than the proposed charge.
flatfair’s security expires in line with the tenancy end date, or after 24 months (whatever comes first). It can be extended at any time through the flatfair platform, free of charge.
Yes, all flatfair members must meet our minimum referencing criteria.
Talk to your agent for more information on how you can join flatfair.