Traditional deposits are slow and a thing of the past. They offer just five weeks worth of protection and around two month waiting time to release cash for end of tenancy settlements.
Mashroom replaces traditional deposits with a secure, deposit replacement solution. We offer 12 week’s worth of protection, that’s more than double than a traditional deposit provides.
“Excellent service, would recommend. I used Mashroom for my mortgage, life insurance and home insurance...”Katie Pickles
Our Deposit Replacement covers up to 12 weeks' worth of rent – more than double compared to an average traditional cash deposit of 5 weeks’ rent.
The Deposit Replacement offers landlords more protection and peace of mind, at the same time as making the home more affordable and attractive to tenants.
Our Deposit Replacement offers more protection (up to 12 weeks' worth of rent, compared to a traditional cash deposit of 5 weeks’ rent) for exactly the same cover. It also means your home is more affordable and attractive to tenants when they are looking to move, which reduces void periods and makes letting faster and easier.
As this is not a traditional cash deposit, you don't need to register with a protection scheme. Instead of a registration certificate, we'll issue you with a Mashroom guarantee.
Just like a traditional deposit, you claim from your tenant for any damage or unpaid rent. Any disputes that cannot be resolved between landlords and tenants will be advanced to independent adjudicators.
Our Mashroom guarantee will cover what you are owed in the event that a tenant fails to pay for damage or unpaid rent.
You have the same cover as a traditional deposit, protecting you against unpaid rent and damage to the property. However, our Deposit Replacement covers up to 12 weeks’ worth of rent – more than double compared to an average traditional cash deposit of 5 weeks’ rent.
Tenants pay the equivalent of one week’s rent split across monthly instalments. This cost covers their full deposit amount and gives you 12 weeks’ worth of protection.
Cover lasts 12 months, and if your tenant's tenancy is longer than 12 months, we'll offer you a free renewal of another 12 months.
The vast majority of homes qualify for Deposit Replacement, and we’ll notify you of eligibility as soon as you start listing your property with us. List your property now.
Yes, we are partnered with an insurer to ensure extra peace of mind and protection to landlords and tenants.
Yes. We offer a referencing service from our trusted provider.
Our Deposit Replacement doesn’t cost you anything. Instead, the tenant pays the equivalent of one week’s rent split across monthly instalments. Making it a much more affordable and attractive option.
You can access your guarantee by logging into your dashboard where it will be stored.