No Deposit Renting

Michael Jones has partnered with reposit to bring you a no deposit option when renting your next home.

What is our no deposit option?

We have partnered with Reposit to bring you a no 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 Brand Vaughan.

What do I have to do?

Find your ideal rental property
Michael Jones will refer you to Reposit
You pay one week’s rent as a fee to Reposit
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. Tenants are reminded that in order to dispute a claim they will need to pay a £60.00 upfront fee direct to Reposit. However, if your dispute is successful the £60.00 will be refunded to you.

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 do I know that a property is eligible?

When you’re looking for your ideal property keep an eye out for the sticker such as the one shown on this property. This sticker shows the property is available with our No Deposit Option and the Landlord has agreed to let their property using the Reposit Service.

Talk to us

But don’t take our word for it, read our Google reviews.

  • Avatar CLARE DE LOS SANTOS ★★★★★ 2 weeks ago
    I find Michael Jones to be very friendly and helpful estate agency I have dealt with. Would absolutely recommend them.To Elise for giving me a second chance to view this beautiful flat and because of that now I have found my home.Big thanks … More to Lisa who has always responded to all our queries promptly and generally just been a delight to communicate with. She's professional and always happy to help.
  • Avatar কাকন হাওলাদার ★★★★★ 4 weeks ago
  • Avatar David Thompson ★★★★★ a month ago
    Would highly recommend Michael Jones and Bacon in Lancing and in particular Gary Evans, who, after a prolonged and occasionally very challenging purchase remained calm, helpful and always optimistic about finding a solution to suit the … More vendor and myself. We got there in the end Gary and in no small part, that was down to you, thank you.