Criteria to meet to purchase DepositFree™ Insurance
DepositFree™ Insurance means that you can pay, on average, 10% of 8 weeks of rent in place of a traditional cash deposit.
In order to be able to qualify for DepositFree™ Insurance you need to meet the following criteria:
- A completed RentPassport™
- An Experian Credit score of 561 or above
- No active CCJs
- To meet the affordability of the property
- You will need your landlord's approval - they will need to consent to replacing your cash deposit with DepositFree™ Insurance.
This RentPassport™ is a perfect example of one that qualifies for DepositFree™ Insurance. They have completed every section, have an excellent credit score and you can see the rent affordability.
Please see Purchasing a DepositFree™ Agreement for assistance in completing your transaction.