Rent with no deposit on Scraye
Scraye helps you rent a property you love without needing to pay a security deposit.
The next best thing after cheaper rent
We’ve removed the need for traditional security deposits and replaced it with better solutions. Here's how it works.
Completely free
Scraye Deposit-Free
Free
Rent without a security deposit. All you need to pay to move in is rent.
Available on select properties
What you need to know:
- No security deposit payable
- Your holding deposit is part of your first rent
- You remain liable for arrears and damages at end of tenancy
- Scraye provides your landlord with up to 10 weeks of protection, which is double that of a deposit
Cost of 1 weeks’ rent
Scraye No Deposit
1 week of rent
Pay a 1 week non-refundable fee instead of a 5 week security deposit.
Available on most properties
What you need to know:
- Pay a 1 week fee instead of a 5 week deposit
- Your holding deposit is used to pay the 1 week fee
- You remain liable for arrears and damages at end of tenancy
- Scraye pays the landlord a 5 week security deposit which is refunded to Scraye at end of tenancy
If you prefer to pay a standard security deposit, this is still possible.
How it works
Tenants pay less to rent and landlords get equal or higher protection than security deposits. Everybody wins.
Rent a property without security deposit
Your holding deposit becomes part of your first rent. No security deposit is required.
Scraye provides rent and damage cover
Your landlord receives rent and damage protection equivalent to more than a security deposit.
No need for a deposit return at end of tenancy
Please note: you as the tenant remain liable for any unpaid rent and any deductions.
Landlords are still protected
Regardless of whether a tenant rents without a deposit or using the No Deposit alternative, landlords remain protected.
Tenants remain committed
Like with a deposit, tenants remain liable for damages and arrears at check-out.
Landlords get full rent and damage cover
Landlords benefit from our 12 months rent guarantee and £5,000 damage cover.
Plus, with No Deposit, landlords still get a deposit
When a tenant selects No Deposit, Scraye provides the landlord with a security deposit.
FAQs
Scraye Deposit-Free is completely free to tenants. Instead of a tenant paying a traditional security deposit, Scraye protects the landlord with rent and damage cover equivalent to more than the usual 5 week deposit. Scraye No Deposit incurs a fee equivalent to 1 week of rent, payable by the tenant. In this case, Scraye pays the security deposit (usually 5 weeks) to the landlord and receives the deposit as a refund at the end of the tenancy.
Although Scraye Deposit-Free provides landlords with even more protection than Scraye No Deposit, some landlords prefer the comfort of a security deposit sitting in a bank account. For this kind of property, Scraye provides its No Deposit service, where it pays the security deposit to the landlord instead of the tenant.
Both under the Scraye Deposit-Free and the Scraye No Deposits services, the tenants remain liable for any deductions at the end of the tenancy. This is exactly the same as if a tenant were to pay a traditional security deposit. Any dispute is handled by a government-backed independent adjudicator.
Tenants who pass Scraye’s standard referencing process will automatically be eligible for the deposit solution applicable to the property in question.
Yes, just let a Scraye team member know when you submit an offer and we will reflect this accordingly.
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