Empowering Tenants: Know Where to Turn When Issues Arise
Navigating the rental market can be challenging, especially when problems arise and tenants are unsure where to seek help. At DepositPass, we are dedicated to
Smart Deposits,
Smart Savings
The Smart Way to Rent. DepositPass allows you to use your savings account or life insurance savings to secure rental deposits, providing a flexible and convenient alternative to traditional methods.
How It Works
DepositPass simplifies rental deposits by converting your savings account or life insurance savings into rental deposits.
Assign the deposit amount from your savings to the landlord.
Your money stays in your account, earning interest.
The amount is blocked during the rental period in case of disputes.
In case of a dispute, our resolution service ensures fair outcomes.
Flexible Savings Options
At DepositPass, we offer flexibility to fit your financial situation. You can secure rental deposits using various types of savings products, including:
Standard Savings Accounts
With DepositPass, you can easily use any standard savings account from UK banks to secure your rental deposit. Your money remains in your account, continuing to earn interest while being assigned as a rental deposit. Simply assign the required deposit amount from your savings to the landlord. The funds stay in your account but are blocked for the rental period to cover any potential disputes, providing a seamless and secure solution for the landlord.
Life Insurance Savings Policies
DepositPass also allows you to utilise existing life insurance savings policies from UK life insurers as a secure deposit option. The funds remain secure in your policy but are blocked for the rental period to cover any potential disputes, providing a seamless and secure solution for the landlord. Assign a defined amount from your life savings policy to the landlord. The funds remain secure in the policy and are only blocked if a dispute arises during the rental period. This option offers flexibility and security for both tenants and landlords.
Third-Party Savings Accounts
For tenants who may not have sufficient savings, DepositPass offers the flexibility to assign deposit amounts from savings accounts or life insurance savings of family members or friends. A family member or friend can assign the necessary deposit amount from their savings account or life insurance savings to your landlord. The funds stay in their account or policy, earning interest, and are blocked during the rental period. This allows you to leverage the support of others while securing your rental deposit effectively.
Transparent Pricing
We are committed to providing affordable solutions for tenats while offering our services completely free for landlords. Our all-in, one-off fees are based on the rental deposit amount, ensuring fairness and cost-effectiveness.
Save up to 35% compared to other rental deposit options on the market
For rental deposits over £4,000, contact us for a quote at pricing@depositpass.com
DepositPass’ fees are non-refundable.
Our Commitment
DepositPass boasts a diverse team of experts in the rental, tech, banking, and insurance sectors. Our international acclaim, with numerous awards, attests to our unwavering dedication. We’re on a mission to create a safer, more affordable, and accessible housing market.
Curious about our mission and vision? Explore further.
One of the winners of the 2018 Spanish Insurtech Awards
SPANISH INSURTECH AWARDS
Winner
2018
Most anticipated rental property solution (UK): DepositPass
WEALTH & FINANCE FINTECH AWARDS
Award
2020
One of the 6 finalists in the Insurathon 2020 awards
INSURATHON COMPETITION
Finalist
2020
Semi-finalist in the European Innovation Awards of the Fundación MAPFRE
MAPFRE INNOVATION AWARDS
Semi-Finalist
2020
Awarded best property rental solutions provider in Spain
INTERNATIONAL FINANCE AWARDS
Award
2019
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