Professional Properties are delighted to be able to offer a NO DEPOSIT SCHEME for Tenants.

This innovative new insurance product will free tenants from the age-old problem of having to raise a deposit before moving into rented property.

The No Deposit Scheme enables accommodation to be let without asking for any deposit. An insurance policy can be purchased for a fixed £145.00 fee instead of having to provide a deposit or bond.

No Deposit offers an alternative to the government schemes while providing attractive benefits to tenants, at a time when the effects of the credit crunch are putting pressure on the lettings market.

The No Deposit Scheme offers peace of mind to landlords and allows the tenant to move in without the need to tie up their money for the duration of the tenancy.

The process includes a rapid response mediation service during which both landlord and tenant are encouraged to come to a mutually agreeable solution to any dispute over dilapidations. The scheme is underwritten by the UK’s largest legal protection specialist, DAS Legal Expenses Insurance Company.

For further information on the No Deposit Scheme please contact Professional Properties on 01332 836100.