NoPosit

No more hassle with NoPosit!

Moving into a student house can be a financial challenge. Seldom can a student afford a hefty deposit and a few weeks’ rent before moving in and receiving student finance. Therefore, at Mighty Student Living, we now offer no deposit rooms in Lancaster with "NoPosit", a more affordable way of securing your student home! Say goodbye to upfront costs and hello to a stress-free renting experience.

NoPosit is a hassle-free alternative to a traditional deposit, providing an opportunity to secure your house for an initial payment of just £30. NoPosit is a non-refundable fee, however, it is much smaller than a traditional deposit. In total, the NoPosit is £180 but you only pay £30 when you sign the tenancy agreement and a further £30/month is collected for 5 months via direct debit.

It’s important to note that while wear and tear is expected, students are liable for any damages that go beyond this. We encourage responsible tenancy throughout your stay.

The Benefits

Choosing the NoPosit scheme brings a host of advantages, making your student life both more secure and enjoyable. Not only do you save on upfront costs, but you also gain peace of mind with comprehensive coverages and exclusive perks.

Here's what you'll enjoy as part of the NoPosit scheme:

Spread Costs: Just £180 total, spread over up to 6 months with payments of £30, starting when you sign the tenancy agreement.
Insurance Coverage: You’ll enjoy comprehensive protection for your belongings and peace of mind during your stay in our student housing. Including but not limited to:
£5,000 cover for your personal items within the property.
£75 food spoilage cover, safeguarding against unexpected losses.
£5,000 vacation cover to protect your belongings while you're away.
£300 washing machine damage cover.
£350 cover for keys, ensuring you're covered in case of loss or damage.

This robust package ensures that you and your possessions are well-protected during your time with us.***

Competitions: Get the chance to win exciting prizes like free rent, enhancing your student experience without extra costs.
Exclusive Discounts: NoPosit students enjoy special discounts at select local venues, such as Cappuvino Bar and Restaurant, offering a premium lifestyle on a student budget!

	NoPosit	Deposit
Price	6 x £30=£180 (payments spread over up to 6 months)	£400
Payment plan	First £30 when signing the tenancy agreement and direct debit for 5 months of £30/month	All £400 when signing the tenancy agreement
After the tenancy	No waiting and guessing how much of the deposit will be returned**	Deposit deductions can take time to resolve and when refunded, it goes to the Lead Tenant to be distributed amongst all the tenants.
Extras	Exclusive discounts at Cappuvino Bar and Restaurant with our student discount card - (available to Noposit students only)	-

Don't miss out on this incredible opportunity and explore our range of no deposit student accommodation now!

If you need to make a claim please view our NO POSIT POLICY DOCUMENTS.

Terms and conditions apply – in particular - please note that the insurance does not cover malicious damage, excessive wear and tear or the cost of cleaning.

**Tenant is still liable for damage and cleanliness of the property and the cost of this may be invoiced to you at the end of the tenancy.

*** Other items included with the Gallaghers insurance package include:

£500 per bag for goods in transit, offering protection while moving.
£500 cover for theft, even when items are temporarily stored away from your room.
£350 emergency accommodation cover, providing security in case of urgent relocation.
£200 emergency clothing cover for unforeseen needs.
£250 additional cover for loss of contents.
£50 cover for personal money.
£500 cover for credit cards.
£50,000 personal accident cover for death, accident, or injury.
£5,000 accidental death or disablement cover for a supporting parent or guardian.
£5,000 tenants' liability cover.
£1,000,000 personal liability cover.