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Rental Deposits offers a completely unique service to tenants, landlords and estate agents in the UK. Rental Deposits (part of Capital Assured Deposits- CAD Ltd) was formed in early 2009 with the aim of changing the UK private lettings market, by offering Assisted Deposits to all professional tenants. Due to the success, in January 2011 through private equity investment we secured more financial support enabling us to offer the service though all UK letting agents, for all professional, student and DSS tenants thus increasing our awareness and site traffic by over 340% in the first month.
How does this work?
Tenants register with us, and then search the markets independently through private landlords and estate agents for a suitable property, the agent or landlord will then agree the tenancy, check references, prepare the contract etc and invoice the tenants for the first months rent and deposit as with any letting. We arrange the payment of the deposit to the landlord on the tenants' behalf; they pay the rent direct to the landlord or agent. The tenant pays us a fee in exchange for us supplying the deposit.
How does this benefit Tenants?
This is simple, as it allows all tenants to move into their next property without them having to pay such a large amount of money, (on average it saves them around 75%).
How does this benefit Estate Agents?
Again this is simple, it costs agents nothing to use and enables agents to let more properties and hence earn more letting revenues as less funds are required by tenants upon tenancy.
How does this benefit Landlords?
Again this is simple, it's free for Landlords to use, but allows them to rent their properties faster, as funds can be made available to tenants immediately. Also it should not matter to a landlord where the tenants deposit funds come from, so long as he receives them prior to tenancy.
The Website
As more and more tenants, landlords and agents become aware of Rental Deposits, they visit our site, which has become a universal property centre bringing all aspects of the letting market together under one umbrella. |
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