Skip The Deposit is an FCA-regulated, insurance-backed alternative to a traditional tenancy deposit — designed to benefit tenants, landlords and letting agents.

Instead of paying a large upfront deposit, tenants pay a smaller annual fee. In return, landlords are protected up to the full deposit value for things like damage, missed rent and end-of-tenancy costs — just as they would be with a cash deposit.

For landlords, this means fast, reliable protection without the delays and disputes often associated with traditional deposit schemes.

For agents, Skip The Deposit introduces a new, fully automated revenue stream. Every policy generates commission not just at move-in, but on renewal each year — creating a growing, predictable income with no additional admin or change to existing processes.

The system integrates seamlessly into your current workflow. Simply offer tenants the choice, and everything else is handled.

As the rental market evolves, Skip The Deposit provides a smarter, scalable way to protect property, support tenants and increase revenue per tenancy — all within a fully compliant, insurance-backed framework.

Problems we solve for agents

Most letting agents earn once per tenancy — Skip The Deposit changes that. We turn every tenancy into a recurring income stream, paying you year after year for doing exactly what you already do. At the same time, tenants move in faster without large upfront deposits, improving your conversion rates, while landlords remain fully protected with an FCA-regulated, insurance-backed solution equivalent to a cash deposit. There’s no cost, no extra admin, and no disruption to your process. Simply offer tenants the option — and start increasing your income per property while future-proofing your business.