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, we now offer NoPosit, a more affordable way of securing your student home.
NoPosit is a hassle-free alternative to a traditional deposit, providing an opportunity to secure your house for an initial payment of just £25. NoPosit is a non-refundable fee, however, it is much smaller than a traditional deposit. In total, the NoPosit is £150 but you only pay £25 when you sign the tenancy agreement and a further £25/month is collected for 5 months via direct debit.
The NoPosit helps to avoid problems if accidental damage occurs during your tenancy. Instead of traditional deductions from your deposit at the end of the tenancy, you have the benefit of Endsleigh Insurance (subject to insurance excess for each claim). This means that you can claim on your insurance for accidental damage in your student home rather than pay for the damage yourself when you leave.
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.*
In addition to paying less money prior to moving in to your new home, there are other benefits which include:
- £5,000 worth of personal items cover
- £2,000 laptop and desktop cover
- £2,000 tablet cover
- £1,000 sports equipment cover
- £5,000 accidental damage cover to Landlord fixtures and fittings
- Exclusive Discounts provided only to Noposit students at Cappuvino Bar and Restaurant, Church Street, Lancaster.
|Price||6 x £25=£150 (payments spread over up to 6 months)||£350|
|Payment plan||First £25 when signing the tenancy agreement and direct debit for 5 months of £25/month||All £350 when signing the tenancy agreement|
|After the tenancy||No deductions, therefore 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||-|
*Terms and conditions apply (click here)
**Tenant is still liable for damage and cleanliness of the property
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