Reposit are now working with Lomond Investment Management and Touchstone Corporate Property Services on behalf of the Lloyds Living portfolio.
The deposit alternative product will be offered as a choice alongside a traditional cash deposit but instead of paying five weeks’ rent upfront, residents will have the option to pay close to one week’s rent (as a non-refundable fee) if opting for Reposit.
With rental costs remaining high, the new collaborations provide thousands of residents with the opportunity to significantly reduce their moving costs and improve cash flow.
For operators, Reposit offers eight weeks of coverage instead of the usual five, while also streamlining administrative processes, reducing void periods, and delivering a competitive edge.
SIGNIFICANT STEP
Gurman Bains (main picture), 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.”
And he adds: “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.”
