We are delighted to announce that we are now offering Reposit, a modern and flexible alternative to the traditional cash deposit, across our rental portfolio.

As renting becomes increasingly expensive and deposit regulations remain strict, Reposit provides a fairer, simpler, and more secure way for both tenants and landlords to move forward with confidence.

Below, we explain what Reposit is, why we’re offering it, and how it benefits both sides of the tenancy.

What Is Reposit?

Reposit is an FCA-regulated deposit alternative that replaces the traditional five-week cash deposit with a simple, one-off fee equivalent to one week’s rent (subject to a £150 minimum). Rather than tying up hundreds or thousands of pounds in a deposit, tenants pay this lower upfront fee, while landlords receive 8 weeks’ worth of cover, giving them more protection than a standard deposit.

Reposit is already trusted across the UK by other agencies, and as of today, also offered by Property Genius.

Benefits for Tenants

✔ Pay Less Upfront

Instead of paying a large deposit (often more than a month’s rent), tenants pay only one week’s rent as a non-refundable fee. For example, on a £1,100/month rental, the cash deposit would be £1,260, but the Reposit fee would be just £253, saving over £1,000  .

✔ Fairer, More Flexible Move-Ins

Reposit allows tenants to move sooner and without borrowing. According to Reposit’s surveyed data, over 43% of tenants borrow money to fund traditional deposits, often via credit cards, loans, or overdrafts. Reposit eliminates this burden, allowing tenants to “pay only what they owe, when they owe it” rather than waiting weeks for a deposit return.

✔ Great for Groups

The Reposit fee is per tenancy, not per tenant, meaning sharers can split the cost equally.

✔ No Waiting for Deposit Returns

At the end of the tenancy, tenants only pay for valid end-of-tenancy charges, and any disputes are handled quickly and fairly through Reposit’s adjudication process.

Benefits for Landlords

✔ 60% More Protection

Traditional cash deposits are capped at 5 weeks’ rent. Reposit offers 8 weeks’ cover, giving landlords noticeably more financial protection if things go wrong.

✔ Faster Lets & Reduced Voids

Properties marketed with a “deposit-free option” generate more interest. Reposit data shows 26% more online click-throughs and quicker lets. This helps reduce costly void periods and in another string in our bow to offering the best service to our customers.

✔ No Cost to Landlords

Landlords pay nothing to use Reposit, all costs are tenant-side.

✔ FCA Authorised & FSCS Protected

Reposit is an FCA-regulated and FSCS-protected insurance-backed service. This offers reassurance that payouts are secure and regulated.

✔ Faster Dispute Resolution

Disputes are handled by independent adjudicators, usually resolved within 14 days, compared to the 4–8 weeks typical with government-backed schemes such as the TDS or DPS.

Why We’re Introducing Reposit

Renting is changing, and we're always looking for ways to adapt. Tenants now rent for longer, and cash deposits have become increasingly difficult for many to afford. As seen in Reposit’s tenant survey, many renters are pushed into borrowing just to move home.

At the same time, landlords face increasing regulation, capped deposits, and long dispute timelines.

Reposit solves both problems at once, offering a win-win:

• Tenants save money upfront and gain flexibility.

• Landlords receive stronger protection and quicker dispute handling.

• We can let properties faster and reduce void periods.

It’s a modern, practical solution that fits today’s rental challenges.

How It Works For Tenants

1. Choose Reposit instead of a cash deposit when offered to do so at the tenancy creation stage.

2. Sign up & pay the one-off fee online when prompted

3. Move in. No large deposit held.

4. Check out. Settle only actual end-of-tenancy charges.

How It Works For Landlords

1. Tenants are referenced as normal to ensure affordability.

2. Once referencing is passed, Reposit activates automatically.

3. Landlords receive 8 weeks’ cover from the moment the tenant pays.

4. At tenancy end, any charges are submitted via the Reposit platform with supporting evidence.

A Fairer, Smarter Way to Rent

Reposit is designed to remove friction from both sides of the rental process. It gives tenants more financial freedom and gives landlords more protection and faster resolution, without extra cost.

From today, this option will be available on our rental listings, and our team will be happy to explain the process to any landlord or tenant who would like to take advantage of it.

If you’re a tenant interested in saving upfront costs, or a landlord looking for enhanced protection with minimal admin, Reposit is a fantastic addition to the renting experience.