Leading deposit alternative provider Reposit has announced that they are working with Lomond Investment Management & Touchstone Corporate Property Services on behalf of the Lloyds Living portfolio. With a rental portfolio of over 5,000 homes across the UK, Lloyds Living is joining a growing list of prominent operators already using Reposit.
The deposit alternative product will be offered as a choice alongside a traditional cash deposit but instead of paying five weeks’ rent upfront, residents will have the option to pay close to one week’s rent (as a non-refundable fee) if opting for Reposit.
With rental costs remaining high, the new collaborations provide thousands of residents with the opportunity to significantly reduce their moving costs and improve cash flow. For operators, Reposit offers eight weeks of coverage instead of the usual five, while also streamlining administrative processes, reducing void periods, and delivering a competitive edge.
Gurman Bains, Head of New Business at Reposit, said: “We are excited to be working with Lomond Investment Management and Touchstone on behalf of Lloyds Living, which marks a significant step in our growing presence within the BTR and SFH sector. More operators are turning to Reposit to enhance resident experiences with our value-driving solution that requires just one week’s rent, creating a more attractive, flexible, and competitive rental offering.
“Our FCA-regulated product has become the preferred choice for operators looking to reduce administrative burdens, maximise occupancy rates, and uphold a strong commitment to compliance. This benefits both operators and residents, fostering a more accessible and sustainable rental market.”
