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What is the Nil Deposit Scheme?

Thornley Groves has partnered with Reposit to bring you a nil deposit option when letting your property with us. Through Reposit we are able to bring you an alternative to the traditional deposit saving your Tenants money and time which means your properties attract more potential Tenants!

What do I have to do?

Step one

Tenants are interested in your property. Thornley Groves will offer them the option of a traditional deposit or Reposit.

Step two

If the Tenants choose Reposit, Thornley Groves will pass their details to Reposit and Reposit will take care of the rest.

Step three

Tenants pay a non-refundable fee of one week's rent to Reposit.

Step four

You are covered by Reposit's insurance for up to 8 weeks' rent.

How does it work?

Reposit is not a deposit. Tenants who choose to use Reposit pay to Reposit a non-refundable service charge equal to one week's rent to allow them not to pay a traditional deposit. This will allow you, the Landlord, to be added to Reposit's Insurance Policy.

Reposit covers the Landlord for up to eight weeks' worth of damages or rent arrears if a Tenant defaults on fair payment. Your Tenants are still liable for any damages or breaches of the tenancy agreement and will pay for these at the end of the tenancy, just like with a traditional deposit.

Reposit helps your property stand out in a crowded market and lets Tenants move in faster, rather than waiting to have a large lump sum available. This means your property won’t stay empty for long!

Find out more by reading the leaflet, just click on the arrows to navigate!

Reposit Group Limited (t/a Reposit) is authorised and regulated by the Financial Conduct Authority, reference number 844985. Reposit Group Limited is registered in England and Wales company number 09581330. Registered office at 37 Cremer Street, London, E2 8HD.
The insurer is Lloyd's Syndicate 4444, which is managed by Canopius Managing Agents Limited. Canopius Managing Agents Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference: 204847.

How will a Tenant know my property uses Reposit?

When a Tenant is looking for their ideal property they'll be able to see the blue Reposit sticker on your property images such as the one shown on this property.

This sticker shows that your property is eligible for our Nil Deposit Scheme and you have agreed to let your property using the Reposit service.

Have any questions or concerns?

Thornley Groves Estate Agents
Business Address:16-18 Lloyd Street,Altrincham,Cheshire,WA14 2DE,England |Tel: 0161 941 4111 |Email: [email protected].
Company No. 02674298 |Business hours are