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TODAY'S OTHER NEWS

flatfair teams up with Hunters to offer deposit alternative solution

Deposit-free renting provider flatfair has signed a partnership with Hunters which has more than 200 letting branches across the UK.

The move will bring the platform to a wider audience, as thousands of tenants and landlords gain access to flatfair's membership service.

Instead of taking a deposit, landlords using Hunters can ask tenants to pay a one-off fee - equal to the value of one week’s rent - to join flatfair, which offers residential landlords up to 12 weeks protection and a free debt recovery option for any additional claims.

Carrie Alliston, Hunters letting director, said: “We are pleased to be able to offer tenants an alternative to up-front deposits and believe the pay-as-you-leave approach brings several benefits to both tenants and landlords. We aim to make the lettings process as easy as possible for our customers and are committed to innovation. 

“flatfair’s digital platform makes registration and resolutions quick, easy and accessible and is a welcome addition to our lettings proposition.”

Landlords considering working with flatfair should be aware that the scheme is insured by an A-rated financial institution and works with government-authorised adjudicators. 

Franz Doerr, CEO and founder of flatfair, commented: “We’re delighted that Hunters has become the latest leading agent to selected flatfair as their deposit replacement partner. 

“We strongly believe that our technology solution offers a safer, more streamlined approach in comparison with the numerous insurance products that have entered the deposit replacement market and are pleased that Hunters has recognised that.”

Poll: Are you a fan of nil deposit schemes as an alternative to a traditional deposit?

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