One of the leading deposit alternative providers, flatfair, has partnered with a major property management service with some 3,000 tenants.
The deal is with Wildheart Residential Management, which manages units on behalf of freehold investment funds, developers,Right to Manage firms and Residential Management companies.
The partnership marks the most geographically far-reaching deal flatfair has agreed to date.
Wildheart managing director Simon Halls says: “We are always looking for new ways to enhance the rental experience for our tenants and have been looking closely at the developing marketplace for deposit alternatives for some time."
And flatfair chief executive Franz Doerr adds: “Despite the challenges of the pandemic, 2021 has already proved to be a pivotal year for flatfair as we embark on a range of new partnerships with genuine leaders in Britain’s property sector. We strongly believe that our technology solution offers a safer, more streamlined approach than the numerous insurance products that have entered the deposit replacement sector and we are pleased that Wildheart has recognised that.”
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Most people who sign up for a 'no deposit' scheme don't really understand it and generally it is more expensive than a traditional deposit - its just good marketing making them more popular!
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