Kerfuffle is looking forward to catching up with flatfair in a Supplier Spotlight webinar that will reveal their latest innovation – Boost.
Tenants using flatfair’s No Deposit solution simply pay a one-off membership fee equal to one week’s rent (+VAT) at the start of their tenancy, authorise their debit card and settle bills at the end — similar to checking in and out of a hotel.
By doing away with up-front deposits that cost renters in London more than £1,500* on average, also means they can move into properties faster and speeds up the end of tenancy process too. Renters can also build up a profile showcasing their track record with future landlords, helping to encourage positive behaviour on both sides.
From a landlord's perspective, they receive just as much protection from the No Deposit solution, as well as faster payouts and fewer void periods between tenancies.
All of this is underpinned by the reassurance that flatfair is insured by an A-rated financial institution and works with Government-authorised adjudicators, giving tenants, landlords and agents peace of mind that they are using a reliable and trusted partner.
‘Boost’ is their latest innovation. It enables landlords to top up their rental protection by up to six extra weeks – this is in addition to the maximum of five weeks that a traditional deposit allows. Boost also allows landlords to recover damage costs within just one working day of charges being agreed — and it can be used on top of both a traditional deposit and flatfair’s No Deposit solution.
Find out more about Flatfair during their Supplier Spotlight webinar on Wednesday 13th October at 11am. You can take a look at their Kerfuffle landing page which has lots of information included too – take a look.
 Average monthly rent of a one-bedroom flat in London in July 2020 was £1,310, according to ONS Rental Market Statistics. Deposit equivalent to five weeks’ rent calculated by: £1,310 x 12 (months) / 52 (weeks) = £302.3 (per week) x 5 (weeks) = £1,511.5.