By reducing the high up-front costs of moving for tenants, you are maximising your reach to all potential tenants
Faster payment, with no need to wait until the end of adjudication, you’ll receive payment for an approved claim within just 10 days.
The No Deposit Scheme helps your property stand out in a crowded market and lets tenants move in faster.
With a traditional deposit , the tenant pays a large sum (average 5 weeks rent) which the landlord or letting agent is legally obliged to register with a deposit scheme.
With the No Deposit Scheme, the tenant pays a monthly service charge based on the property rental amount*. The tenant is still liable for any damages and Thornley Groves will always try to recover any fair end of tenancy claims directly from the tenant.
*This is not an insurance policy, any payments made are at Thornley Groves’s discretion. Full T&C’s apply. More information on how this No Deposit Scheme works can be found in our Terms and Conditions.