ZPG recently announced that it is backing the Zero Deposit program, which is introducing an alternative to traditional deposits to house hunters in the UK. So far the company has four agencies as new investors, among them, an agency which helped launch OnTheMarket.
Zero Deposit has been set up by former ZPG commercial director Jon Notley, who now serves as the scheme’s chief executive; his former employer is one of a number of early investors, along with existing deposit service TDS and global insurance firm Munich Re.
Knight Frank’s head of lettings Tim Hyatt said, “The robust nature of its offering is why we have given it our backing. Given the constant raft of legislative changes taking place in the lettings industry on an almost monthly basis, it is great to see such a positive, well-executed initiative coming to the market. As renting is now becoming an increasingly popular choice rather than simply a necessity, it is important that we are able to provide valuable support to help people secure a tenancy.”
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