Lloyds Living – the Build To Rent wing of the Lloyds Banking Group – is working with deposit alternative service Reposit on its portfolio of over 5,000 rental properties.

The deposit alternative product will be offered as a choice alongside a traditional cash deposit. Instead of paying five weeks’ rent upfront, BTR residents will have the option to pay close to one week’s rent as a non-refundable fee if opting for Reposit. 

Gurman Bains, head of new business at Reposit, says: “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.”