Deposit alternative announces tie-up with traditional scheme to reduce admin for agents

Deposit replacement scheme flatfair has partnered with mydeposits to allow landlords and agents to access both types of product in one place.

The tie-up means landlords and agents using flatfair’s alternative product will also be able to sign up other tenants choosing the traditional mydeposits scheme through just one platform.

Franz Doerr, chief executive of flatfair, said: “This is of significant benefit to the property sector because it will reduce admin and streamline the rental process, providing a more functional solution for all involved.

“Flatfair has always been about choice and we are pleased to collaborate with mydeposits to ensure that is exactly what we offer to both tenants and landlords. This is an exciting time, reflecting the development and growth within the market.”

Kate Mutter-Bowen, head of tenancy deposit protection at mydeposits, said: “Our custodial offering is already a popular choice for both landlords and agents.

“We are delighted to offer our facility to flatfair through our simple and integrated solution.”

Meanwhile, tenant referencing provider Vouch has teamed up with Zero Deposit to offer its customers access to the alternative deposit scheme.

Agents using Vouch for referencing will also be able to offer their landlords an option to use the Zero Deposit scheme.

Simon Tillyer, director of Vouch, said: “For us, Zero Deposit offers the best deposit replacement product in the market.

“This link up allows the service to be offered to tenants by all our agent customers, helping them to stand out from the crowd and let properties faster.

“Agents will also earn a commission for each policy sold.”

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