How Deposit4U works

We make it possible to rent a premises in five easy steps:

1. Complete and submit our online application form to loan the amount you need to cover your rental deposit (up to two months) and any administration / agency fees.
2. We contact you and conduct a simple screening process. If your application is approved, we enter into a Lending Agreement with you, in which you cede the rights to the deposit to us until the loan (with costs and interest) is paid back.
3. We also inspect the property during the pre (and post) occupation inspection of the rental property. You send us a short video or photos of the premises taken during the inspection with the landlord and we keep these on record. The landlord should sign our entry (and exit) inspection form or confirm via email that he/she attended the inspection.
4. You and the landlord / agent enter into a Lease Agreement.
5. We pay the rental deposit plus any administration / agency fees directly to the landlord on your behalf.

How to repay your loan

The amount loaned, plus costs and interest, is repaid in 12 equal monthly instalments. For convenience, these are deducted via debit order from your bank account each month.

Getting your deposit back when your lease expires.

During the loan repayment period, the rights to the deposit are ceded to us. When the loan plus costs and interest are paid back to us in full, the rights to the deposit are returned to you. When your lease ends, you are entitled to receive the rental deposit from the landlord (provided that your premises is in a similar condition as when you rented it and you do not owe the landlord any money).

Click here to apply for your rental deposit today!