Updated October 2026 · Fraser Bond
Renting · Deposits
Zero deposit schemes
Feenon-refundable
Liabilitystill yours
Optionalmust offer choice
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In short: Deposit replacement schemes let tenants pay a non-refundable fee, often around a week's rent, instead of a five-week deposit. It's not insurance for the tenant: at the end of the tenancy you're still liable for unpaid rent or damage, and the provider will seek to recover any claim from you. They can help with cash flow when moving, but over several tenancies the fees can exceed what a returned deposit would have cost. Landlords must still offer a traditional deposit option.
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Traditional deposit (refundable)–
Scheme fee (non-refundable)–
Check the scheme's terms and any annual fees.
Frequently asked questions
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Do I still pay for damage?
Yes, you remain liable.
Is a zero deposit scheme compulsory?
No; a traditional deposit must be offered.
