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Our Zero Deposit Bonds allow you to move in to rented accomodation without paying a cash deposit!
TN Lettings offers an insurance alternative to cash deposits. No lump sum. Just Low-cost monthly premiums for tenants, And lordlords pay nothing!
How does it work?
The service can be explained as working similar to a loan:
We issue a bond certificate to the landlord for which you pay us a monthly fee. Should you damage the property this portion will have to be repaid to either the landlord or TenantDeposit.com.
However, a good tenant will owe nothing and can walk away with nothing more to pay.
The monthly payments are affordable and normally cheaper than borrowing a cash deposit from credit cards, overdrafts or unsecured loans.
Who Can Use Our Zero Deposit Bonds?
When you move into rented accommodation you may have to find over three months rent at once: First months rent, deposit, agency fees and moving costs.
You may have to rely on borrowing cash from a credit card, unsecured loan or friends and family to bridge the gap.
TN Lettings working with TenantDeposits.com scheme is suited to all skilled, unskilled, office or key workers. You must be employed, working 16 hours or more per week and pass your landlord or agent's credit checks. If your references indicate you require a guarantor you must also have someone sign a guarantor agreement on your behalf.
Unfortunately we are unable to issue bonds for tenants who are unemployed or working under 16 hours per week unless they can provide a suitable guarantor.