Traditional deposit and deposit alternative now possible via link-up

Traditional deposit and deposit alternative now possible via link-up


Todays other news
Average UK monthly private rents increased by 7.7% in the...
Inflation slowed to 2.6% in the year to March says...
Renters’ budgets remain strong while rent levels are holding firm...
The claim comes from a company called COHO...
The trade body has its say on government welfare changes...


Deposit alternative provider flatfair has teamed up with mydeposits – and claims to now be the first provider to bring tenancy deposits and deposit alternatives under one roof.

The partnership with mydeposits means that landlords and managing agents will be able to register a traditional deposit on flatfair’s platform, in addition to having the option of offering a deposit free alternative for their tenants. 

This means that everything related to deposits – both traditional and deposit free – can be handled on one platform due to the integration with mydeposits. 

“This is of significant benefit to the property sector because it will reduce admin and streamline the rental process, providing a more functional solution for all involved” says flatfair founder and chief executive Franz Doerr. 

flatfair already offers a deposit-free alternative to traditional cash tenancy deposits but the company says it also recognises the importance of promoting greater choice for tenants and landlords. 

“flatfair has always been about choice and we are pleased to collaborate with mydeposits to ensure that is exactly what we offer to both tenants and landlords.  This is an exciting time, reflecting the development and growth within the market” says Doerr.

Kate Mutter-Bowen, head of tenancy deposit protection at mydeposits says: “Our custodial offering is already a popular choice for both landlords and agents. We are delighted to offer our facility to flatfair through our simple and integrated API solution”. 

 

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Activists claim “high levels of non-compliance by letting agents”...
Edmund Fetherstone-Dilke is a partner at Farrer & Co...
Shelter has launched a petition calling on the government to...
Ascend says it's the UK’s largest third-party operator of single-family...
The BoE has come to a decision on interest rates...
The removal of temporary rent controls may make buy-to-let more...
The Welsh Government is backing the call for a 'compensation'...
Recommended for you
Latest Features
Average UK monthly private rents increased by 7.7% in the...
Inflation slowed to 2.6% in the year to March says...
Renters’ budgets remain strong while rent levels are holding firm...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here