We are excited to announce that mydeposits, a government-authorised tenancy deposit protection provider, has partnered with Reposit, a leading deposit alternative solution for the UK rental market.

This partnership brings together two trusted solutions designed to give letting agents and landlords greater flexibility when managing tenancy deposits. By integrating their systems agents are able to give tenants the option of traditional deposit protection through mydeposits or a deposit alternative through Reposit. This gives tenants more choice while maintaining compliance and efficiency in their processes.

Through this collaboration, agents will be able to benefit from a streamlined experience that supports different deposit solutions depending on the needs of the tenancy. This ensures agents can continue protecting traditional deposits through mydeposits while also having access to Reposit’s innovative deposit alternative model, helping improve affordability for tenants and supporting faster deal progression for agents and landlords.

This new partnership will bring significant benefits to agents, landlords, and tenants alike by expanding access to a range of deposit solutions available within the private rented sector.

“By partnering with Reposit we are able to give agents greater choice in how they manage tenancy deposits. While traditional deposit protection remains a core part of the rental process, we support agents having access to innovative alternatives that can help tenants move more quickly and affordably into their new homes.”

Tim Frome, Head of Government Schemes, mydeposits

“This partnership highlights the continued shift in the private rented sector towards simplified processes and better tenant affordability.”

Gurman Bains, Head of New Business at Reposit

We are pleased to announce that the partnership between mydeposits and Reposit is now available to agents looking to expand the deposit solutions they offer. This collaboration aims to support letting agents with greater flexibility, improve tenant affordability, and help streamline the tenancy onboarding process.

mydeposits, powered by Total Property is a government authorised tenancy deposit protection provider. We are experts in all things deposits and believe in choice for landlords and letting agents, offering both insured and custodial protection. Established in 2007, mydeposits has more than 150,000 members and protects over 1.1 million deposits in the UK.

Total Property consists of specialist finance and regulatory brands for the private rented sector, in addition to providing tenancy deposit protection. This includes award winning landlord insurance, Total Landlord, the Property Redress Scheme and Client Money Protect, and eviction and housing law specialist, Landlord Action.

Interested in integrating with mydeposits API?

Our API already integrates with some of the largest industry suppliers, making it easy for you to automate your deposit management.

If you are interested in learning more, please complete the form. Alternatively, you can contact the team directly on 0333 321 9404 or email businessdevelopment@mydeposits.co.uk