Reposit is set to be offered at more than 5,000 properties nationwide through a new strategic partnership with property management firm HC-GB Services.
Across HC-GB’s 55 PRS sites, renters will now have the option of replacing the traditional five-week cash deposit with Reposit’s FCA-regulated product.
Tenants who choose Reposit pay one week’s rent as a non-refundable fee instead of having to find five weeks’ rent at the start of their tenancy.
All tenants are eligible to use Reposit provided they pass referencing or provide a UK guarantor.
EIGHT WEEKS PROTECTION
For HC-GB Services, the partnership provides up to eight weeks’ protection against rent arrears and dilapidations, while reducing administration and making them more competitive.
Gurman Bains (main picture), Head of New Business at Reposit, says: “We’re excited to launch this new collaboration with HC-GB Services. Growing numbers of forward-thinking property management firms are choosing Reposit to give tenants more choice while strengthening their competitive position in the marketplace.
“Our FCA-regulated solution offers enhanced protection while streamlining administration, increasing occupancy, and ensuring full compliance, contributing to a smoother rental experience for tenants.”
Clare Daley, Head of Lettings at HC-GB Services, adds: “Our priority is providing an exceptional rental experience for every tenant.
“Innovative solutions such as Reposit align with our ambition to make renting simpler, fairer, and more accessible.”
This announcement comes after Reposit revealed total sales rose by 37% compared to H1 2024.
