Deposit alternative platform Reposit has signed new deals with three big estate agencies.
SW firms Symonds & Sampson and Webbers plus Northern agency Bradley Hall all now offer their landlords and tenants the Reposit service.
The new partnerships also coincide with a 69% increase in sales for Reposit during December compared to the same period in 2022.
Reposit says this surge in demand highlights the growing recognition among agencies of the product as a valuable alternative to the conventional cash deposit.
Symonds & Sampson, which operates in Hampshire, Dorset, Wiltshire, Somerset, Devon and Cornwall, is offering an alternative to the cash deposit for the first time in its 166-year history.
Ben Grech, CEO at Reposit (main picture), says: “These partnerships reflect a shared vision for efficiency and customer-centric solutions while offering a practical solution for agencies navigating the ever-changing rental landscape.”
Reposit’s deposit alternative fits with our goal to provide efficient, customer-focused solutions.”
Rachael James, Head of Lettings at Symonds & Sampson, says: “We are excited to partner with Reposit to enhance the rental experience for both landlords and tenants.
Since partnering with Reposit, Symonds & Sampson has provided its landlords with over £96,000 in cover, including £36,000 of additional cover to what they would receive with a cash deposit.
Tenants pay a one-week non-refundable fee instead of five weeks’ rent with the Reposit plan. And landlords receive up to eight weeks’ worth of cover against rent arrears and dilapidations.