"This partnership with Goodlord, the market-leading pre-tenancy platform in the UK, makes Reposit's modern tenancy security offering the default approach across the platform for joint partners, while preserving tenant choice"
- Ben Grech - Reposit
Goodlord has named Reposit as its exclusive integrated partner for deposit replacements, deepening a relationship that began in 2021 and reflecting a broader shift toward more flexible tenancy arrangements.
Under the new agreement, Reposit becomes the sole deposit replacement solution on the Goodlord platform. Landlords receive up to 60% more cover than a traditional cash deposit, while tenants pay one week's rent as a non-refundable fee rather than the five weeks typically required upfront. A traditional cash deposit remains available alongside it, preserving choice for tenants in line with current regulation.
"Reposit and Goodlord are closely aligned in our desire to always improve the renting experience and this partnership will deliver unique value for letting agents, landlords and tenants," said Oliver Sherlock, managing director of insurance at Goodlord.
"With hundreds of mutual customers already, this partnership feels like a natural evolution especially given how it can mitigate some of the challenges the Renters Rights Act poses for all stakeholders. Reposit's FCA-regulated product provides a smarter way to secure a tenancy.
"It enables tenants to move without locking up large sums of cash, while giving landlords robust protection, up to 60% more than a traditional deposit. By partnering with Reposit, we're giving agents, tenants and landlords a clear, high-quality approach to tenancy security across our platform."
The timing is notable. With the Renters' Rights Act now in force, landlords and agents are reassessing how tenancies are secured, and deposit replacement products are attracting fresh attention as a way to reduce friction while maintaining adequate cover.
Reposit's product is regulated by the Financial Conduct Authority, a distinction its team sees as central to its credibility in the market.
"For decades, the rental market has relied on cash collateral to provide tenancy security," said Ben Grech, chief executive of Reposit.
"Today, there is a more modern and efficient way. This partnership with Goodlord, the market-leading pre-tenancy platform in the UK, makes Reposit's modern tenancy security offering the default approach across the platform for joint partners, while preserving tenant choice. It reflects the continued evolution of the rental market, as new approaches aligned to the needs and constraints of the modern rental market become more widely adopted."
For letting agents operating across the Goodlord platform, the change is intended to streamline how tenancy security is handled from the outset, with a consistent approach applied across the board rather than a patchwork of options.
