Deposit Replacement Product Goes From Strength to Strength

Published: 26/01/2024 By Rachael James

Symonds & Sampson’s Residential Letting Agents are one of three sizeable letting agencies in the UK to have signed new deals with Reposit to be able to offer an alternative to cash deposits.  The benefits of the scheme have been recognised by both landlords and tenants alike, and since partnering with Reposit in 2023, Symonds & Sampson has provided its landlords with over £96,000 worth of cover, including £36,000 of additional cover to that they would have with a cash deposit.

By engaging with the Reposit plan, tenants pay a one-week non-refundable fee instead of five weeks’ rent, and landlords receive up to eight weeks’ worth of cover against rent arrears and dilapidations.

For further details of the plan, and of the range of letting and management services offered by Symonds & Sampson, or indeed to commence your search for rented accommodation, please click here, or contact Rachael James, Partner and Head of Lettings on 01258 452670, or our dedicated letting agents in your local office.