Deposit alternative supplier Reposit says it’s now working with Build To Rent and Single Family Home operator Allsop.

Nicola McKernan, head of operations at Allsop, says: “We are always focusing on new ways to ensure residents have access to a choice when renting a property with us. The research tells us that paying a cash deposit can sometimes be difficult for residents, and we know that offering an alternative can be critical in the decision-making process. 

“It was paramount to us that our chosen alternative product supplier was FCA-regulated and provided a secure solution, providing security and comfort for both our residents and clients.

“We’ve seen Reposit gaining ground across the industry and have been impressed with their offering which eases the upfront rental costs for residents, particularly amid the rising costs of living, but also provides extended cover for build-to-rent operators ”    

Gurman Bains of Reposit adds: “Our latest collaboration with Allsop is a demonstration of our commitment to provide residents with an affordable and flexible alternative to traditional cash deposits, while helping to streamline operators’ end-of-tenancy processes. 

“As our momentum continues to build, we’re finding more and more build to rent operators find Reposit to be a valuable solution for the industry by working efficiently and fairly for each stakeholder in the rental process – operators, managing agents and residents alike.”