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What is the Nil Deposit Scheme?

Thornley Groves has partnered with Reposit to bring you a nil deposit option when renting your next home. Through Reposit we are able to bring you an alternative to the traditional deposit which means you save time, save money and pay less when you move to your next home through Thornley Groves!

What do I have to do?

Step one

Find your ideal rental property

Step two

Thornley Groves will refer you to Reposit

Step three

You pay one week's rent as a fee to Reposit

Step four

If there are any damages you pay for them at the end of the tenancy

How does it work?

Reposit is not a deposit. By purchasing a Reposit, you are paying a service charge equal to one weeks worth of rent to allow you not to pay a deposit and for your Landlord to be added to the Reposit Insurance Policy.

At end of tenancy, your Landlord may claim on the Reposit. It is your right to either agree or dispute their claim and Reposit will act as an impartial mediation platform.

If you decide to dispute a claim, an independent arbiter will assess and award monies based on factual evidence presented both from the Landlord and Tenant. If the arbiter rules wholly in favour of the Landlord a £120.00 admin charge will be added to the balance you owe. This is designed to disincentivise unscrupulous disputes from Tenants, given the lack of deposit in place.

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

How do I know if a property is eligible?

When you're looking for your ideal property keep an eye out for the blue Reposit sticker such as the one shown on this property.

This sticker shows that the propery is eligible for our Nil Deposit Scheme and the Landlord has agreed to to let their property using the Reposit service.

Have any questions or concerns?

Get in touch!