The deposit alternative
for letting agents
Skip the Deposit is an insurance alternative to a traditional cash tenancy deposit. Tenants pay a premium instead of providing the cash deposit. See the policy documents for full terms and conditions.
Partnering with letting agencies across the UK
The Problem with Deposits
A cash deposit of up to five weeks' rent is one of the biggest barriers to a quick let. Good applicants struggle to raise it, move-ins stall, and properties sit empty for longer.
For Agents
Landlords receive insurance protection for eligible tenancy losses in accordance with the policy terms.
See how it works for agentsFor Tenants
Tenants pay a small fee for real insurance instead of a lump sum, keep their savings and move in sooner.
See how it works for tenantsHow It Works
From application to end of tenancy in four simple steps
Apply
The tenant completes a quick online application at the point of let.
Approve
You or the landlord accept the insurance policy in place of a cash deposit.
Move In
Keys handed over sooner, with no waiting on deposit funds.
End of Tenancy
Standard end-of-tenancy checks. Valid claims are settled by the insurer.
Apply
The tenant completes a quick online application at the point of let.
Approve
You or the landlord accept the insurance policy in place of a cash deposit.
Move In
Keys handed over sooner, with no waiting on deposit funds.
End of Tenancy
Standard end-of-tenancy checks. Valid claims are settled by the insurer.
Why Choose Skip the Deposit?
A smarter deposit option for agencies, landlords and tenants
Faster lets
Reduce the upfront cash needed for a tenancy where the landlord accepts Skip.
Insurance protection for landlords
Insurance cover for eligible tenancy losses in accordance with the policy terms.
A new revenue stream
Earn commissionon the policies your agency introduces, with nothing to pay to register.
Transparent terms
Clear and straightforward process. No hidden fees or confusing small print.
What People Say
"Skip the Deposit could save me significant money when moving. I could use those savings to furnish my flat properly instead of waiting to save up."
James M.
Tenant, London
"As a letting agent, this concept could be transformative. More tenants may be able to afford to move in, while landlords still get protection. A potential win-win."
Sarah P.
Letting Agent, Manchester
"The process looks straightforward. Apply online, get approved quickly, and potentially move in faster. Very promising!"
Aisha T.
Tenant, Birmingham
Grow Your Agency with Skip the Deposit
Partner with us and offer your tenants a modern alternative to traditional deposits. Offer tenants an alternative to a cash deposit and earn commission on eligible completed policies under your agency agreement. See the full commission model and claims workflow for agents.
Free to register • No upfront costs • Start earning today