Dawsons in Swansea has become the latest agency to sign up to flatfair, the deposit alternative provider.

flatfair’s ‘no deposit’ will be offered by Dawsons to tenants in Swansea, Llanelli and surrounding areas

Instead of paying five weeks’ rent for a traditional deposit, flatfair’s No Deposit solution allows renters to pay a one-off flat fee. At the end of the tenancy, any payment for damages is mutually agreed and arbitrated by a third party.

“It’s important for us to only partner with agents whom we fully trust,” said Gary Wright, co-CEO of flatfair. “Finding a tenancy deposit is becoming more difficult for people everywhere across the UK, and we hope bringing deposit-free renting to South Wales is a first step on the path to extending our services throughout Wales.”

Ricky Purdy, director of lettings at Dawsons, commented: “We had been considering the option of a traditional deposit alternative for some time, taking our time to ensure any partnership and therefore our offering, aligned with our brand and service levels, along with the expectations of our landlords and tenants alike.

“Safe to say we have found that in flatfair, and are delighted to begin the journey offering our landlords such added value, reassurance and peace of mind, and of course our tenants the convenience and advantages during the new tenant journey and long after, that flatfair allows us to provide.”