Goodlord has selected Reposit as its exclusive partner for deposit replacements.
The two companies have worked together since 2021.
Under the new agreement, Reposit will be the exclusive integrated tenancy security solution on the Goodlord platform that provides landlords with up to 60% more cover than a traditional deposit, while giving tenants a more affordable option by paying one week’s rent (as a non-refundable fee) instead of five.
This will be offered alongside the option of a traditional cash deposit option.
The extended partnership ensures a consistent, modern approach to how tenancies are secured, while maintaining tenant choice in line with regulation.
Oliver Sherlock, managing director of insurance at Goodlord, says: “Reposit and Goodlord are closely aligned in our desire to always improve the renting experience and this partnership will deliver unique value for letting agents, landlords and tenants.
“With hundreds of mutual customers already this partnership feels like a natural evolution especially given how it can mitigate some of the challenges the Renters Rights Act poses for all stakeholders.
“Reposit’s FCA-regulated product provides a smarter way to secure a tenancy. It enables tenants to move without locking up large sums of cash, while giving landlords robust protection – up to 60% more than a traditional deposit.
“By partnering with Reposit, we’re giving agents, tenants and landlords a clear, high-quality approach to tenancy security across our platform.”
And Ben Grech, chief executive at Reposit, adds: “For decades, the rental market has relied on cash collateral to provide tenancy security. Today, there is a more modern and efficient way.
“This partnership with Goodlord, the market leading pre-tenancy platform in the UK, makes Reposit’s modern tenancy security offering the default approach across the platform for joint partners, while preserving tenant choice.
“It reflects the continued evolution of the rental market, as new approaches aligned to the needs and constraints of the modern rental market become more widely adopted.”
