Big estate agency trio embrace deposit alternative
Ben Grech of Reposit announces deals with three agencies, including Symonds & Sampson, as the firm enjoys a big increase in sales.
Deposit alternative platform Reposit has signed new deals with three big estate agencies.
SW firms Symonds & Sampson and Webbers plus Northern agency Bradley Hall all now offer their landlords and tenants the Reposit service.
The new partnerships also coincide with a 69% increase in sales for Reposit during December compared to the same period in 2022.
Surge
Reposit says this surge in demand highlights the growing recognition among agencies of the product as a valuable alternative to the conventional cash deposit.
Symonds & Sampson, which operates in Hampshire, Dorset, Wiltshire, Somerset, Devon and Cornwall, is offering an alternative to the cash deposit for the first time in its 166-year history.
Shared
Ben Grech, CEO at Reposit (main picture), says: “These partnerships reflect a shared vision for efficiency and customer-centric solutions while offering a practical solution for agencies navigating the ever-changing rental landscape.”
Reposit’s deposit alternative fits with our goal to provide efficient, customer-focused solutions.”
Rachael James, Head of Lettings at Symonds & Sampson, says: “We are excited to partner with Reposit to enhance the rental experience for both landlords and tenants.
Since partnering with Reposit, Symonds & Sampson has provided its landlords with over £96,000 in cover, including £36,000 of additional cover to what they would receive with a cash deposit.
Tenants pay a one-week non-refundable fee instead of five weeks’ rent with the Reposit plan. And landlords receive up to eight weeks’ worth of cover against rent arrears and dilapidations.
Bradley Hall is based in the north east, and Webbers covers Cornwall, Devon and Somerset.
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