mydeposits, a government-authorised tenancy deposit protection provider, has partnered with Reposit, the UK’s leading deposit alternative, to streamline the way letting agents manage tenancy deposits.
Under the partnership, agents can process both traditional deposits, protected by mydeposits, as well as Reposit entirely through the Reposit platform. This integration reduces administrative steps, saves time for agents, and ensures they remain fully compliant and secure.
At the same time, tenants gain greater flexibility in how they pay their deposit.
Tim Frome, Head of Government Schemes, mydeposits, said: “By partnering with Reposit we are able to give agents greater choice in how they manage tenancy deposits. While traditional deposit protection remains a core part of the rental process, we support agents having access to innovative alternatives that can help tenants move more quickly and affordably into their new homes.”
Gurman Bains, Head of New Business at Reposit, added: “This partnership highlights the continued shift in the private rented sector towards simplified processes and better tenant affordability.”
mydeposits, powered by Total Property is a government authorised tenancy deposit protection provider. Established in 2007, mydeposits protects over 1.1 million deposits and has more than 400,000 landlord and agent members across the UK, providing insured and custodial deposit protection schemes supported by dispute resolution services.
Tenants who use Reposit pay one week’s rent (as a non-refundable fee) instead of five weeks’ rent while landlords benefit from eight weeks’ worth of protection against damages and rent arrears at the end of a tenancy.
Interested in integrating with mydeposits API?
mydeposits API already integrates with some of the largest industry suppliers, making it easy for you to automate your deposit management.
If you are interested in learning more, please complete the form. Alternatively, you can contact the team directly on 0333 321 9404 or email businessdevelopment@mydeposits.co.uk
