Scraye helps you rent a property you love without needing to pay a security deposit.
We’ve removed the need for traditional security deposits and replaced it with better solutions. Here's how it works.
Rent without a security deposit. All you need to pay to move in is rent.
Available on select properties
Cost of 1 weeks’ rent
Pay a 1 week non-refundable fee instead of a 5 week security deposit.
Available on most properties
If you prefer to pay a standard security deposit, this is still possible.
Tenants pay less to rent and landlords get equal or higher protection than security deposits. Everybody wins.
Your holding deposit becomes part of your first rent. No security deposit is required.
Your landlord receives rent and damage protection equivalent to more than a security deposit.
Please note: you as the tenant remain liable for any unpaid rent and any deductions.
Regardless of whether a tenant rents without a deposit or using the No Deposit alternative, landlords remain protected.
Like with a deposit, tenants remain liable for damages and arrears at check-out.
Landlords benefit from our 12 months rent guarantee and £5,000 damage cover.
When a tenant selects No Deposit, Scraye provides the landlord with a security deposit.
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.
Limited company registered in England and Wales number 12424477.