UNDEPOSIT

Why pay substantial security deposits without any return or spend expensive bank charges on bank guarantees when you can opt for Undeposit?

Undeposit allows you to pay a once-off non-refundable fee for the lease period, which is a fraction of the security deposit requirement. This product offering is now also available for SmartMove and SmartStay leases, removing the stress of budgeting for a new security deposit.

Qualifying for Undeposit is subject to your business having traded for five years or longer, a clear credit record with no adverse information, and a good track record in your industry. Fee rates vary in accordance with the qualifying criteria and risk profile of the client, and terms and conditions apply.