Deposit alternative provider Reposit has announced that it is working with Lomond Investment Management and Touchstone Corporate Property Services on behalf of the build-to-rent (BTR) giant Lloyds Living.

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 provides approximately 5,000 residents across the UK with the opportunity to significantly reduce their moving costs and improve cash flow.

For landlords whether private and BTR, Reposit offers eight weeks of coverage instead of the usual five, while also streamlining administrative processes, reducing void periods, and delivering a competitive edge.

Sector expansion

Gurman Bains, Head of New Business at Reposit, (main image) 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 Build-to-Rent (BTR) and Single-Family Housing (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.

“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.”

Deposit alternatives like Reposit are finding more fertile ground in the BTR sector where ‘deposit free’ can be offered to thousands of tenants in one deal while letting agents generally offer lower volumes and market reach.