Reposit
Reposit is a smart alternative to cash deposits. Landlords get more protection, let properties faster, and earn fully... Read more
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Overview
Reposit is a smart alternative to cash deposits. Landlords get more protection, let properties faster, and earn fully compliant commissions.
- 8 weeks' cover: landlords are protected for 8 week's worth of rent for free. 60% more than a cash deposit and the most cover offered by any deposit alternative on the market.
- Great value for tenants: an upfront fee of just 1 week's rent, no VAT or minimum fee.
- A partner you can trust: Reposit is FCA authorised and FSCS protected.
Problems we solve for agents
Reposit helps letting agents win more landlords with extra cover, whilst saving valuable admin time and stress at the end of tenancy. Landlords love the free 8 week cover they see through Reposit, whilst agents save thousands in admin time - over an hour per tenancy when compared to cash deposits.
Reviews
We don't charge letting agents or landlords to use Reposit, in fact agents earn commission for every Reposit they sell whilst landlords receive their 8 weeks cover free of charge.
Setup / Onboarding
Letting agents can be onboarded and offering Reposit within a matter of days, however, it's most likely within a couple of weeks.
The first step is to run through an online demo with one of our helpful Partnership Sales Team, where you can run through how Reposit works and give you an overview of the system, as well as answer any questions you might have. If you like what you hear, the next stage is to have an onboarding session to go through the platform in more detail with those who will be using it day to day.
We then talk you through the next steps to allow you to offer Reposit, such as adjusting any documents and informing landlords - then we'll help you market it to your tenants!
Training & Support
Our dedicated Partnership Sales & Development team give comprehensive support to make sure you're completely comfortable in using Reposit. Whilst we're always on hand to help you navigate our easy-to-use system, we're also here to give you the confidence to explain the benefits of Reposit to tenants and landlords alike as well as provide marketing support for both inbranch and online.
After a demo of the system, you inform us that you'd like to go ahead and we setup the onboarding training with your team that will be offering and using Reposit. Within the training, we go through the platform and explain what happens at both the start and end of tenancy.
Once you're comfortable offering and creating Reposits, we'll schedule more in-depth end-of-tenancy training well in advance of your first Reposit tenancy ending so you're totally comfortable of the process, whatever the outcome.
Product range
Reposit is our core product offered for new tenancies, where tenants pay a non refundable fee of one-week's rent instead of a 5 week cash deposit. In turn, the landlord is covered for 8 weeks in case of damages and dilapidations.
We've recently introduced our new product, Reposit Switch, which allows tenants to switch from a cash deposit to a Reposit, after which the letting agent can release their cash deposit back to them.
Solutions
Category
Departments
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