Home Commercial Property Zero Deposit announces partnership with Chestertons

Zero Deposit announces partnership with Chestertons

by LLP Reporter
25th Sep 19 2:56 pm

Zero Deposit has announced an exclusive partnership with one of London’s biggest estate agency chains.  Chestertons who operate 33 branches across London is the latest agency to partner with Zero Deposit to offer tenants and landlords an alternative to a cash deposit.

This announcement further strengthens Zero Deposit’s presence in the capital in both prime and mainstream markets where Zero Deposit is already partnered with Knight Frank, John D Wood, Acorn Group, Douglas and Gordon, Foxtons, Barnard Marcus and KFH as existing partnerships in the Capital.

The new partnership takes Zero Deposit’s presence in London to more than 700 branches, or almost 20% of London’s letting agent offices, with a host of other London agents in the pipeline and due to be announced shortly.

Richard Davies, Head of Lettings at Chestertons said, “We met with several deposit replacement products over recent months in order to understand the differences between each of the providers and which match Chesterton’s service and standards.  Zero Deposit stood out, not least because it is a regulated provider and we have the utmost confidence that the product is robust. We are seeing increasing demand for the Zero Deposit Guarantee from tenants and are responding to this.”

Ben Harris, Commercial Director at Zero Deposit, commented on the new partnership, “We are delighted to have been chosen by Chestertons as their deposit replacement partner.  We share many of the same principles, particularly the importance of regulation in protecting landlords, tenants and by association, our agent partners’ reputations.

“We’re gaining great traction not just in London but across the country. As agents become more comfortable with deposit replacement as an addition to their lettings toolkit, the conversation keeps directing back to how a deposit replacement partner guarantees protection for landlords and tenants, with our regulated and fully underwritten guarantee standing out from the crowd.”

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