Deposit replacement provider Reposit reported a 58% increase in sales during the first half of 2026, driven by growth in the build-to-rent (BTR) sector and an expanding network of agent partners.
The company said sales to the BTR sector more than doubled compared with the first half of 2025, rising 103%, while it added more than 195 new agent partners.
Reposit also announced a series of commercial partnerships during the period, becoming Goodlord’s exclusive deposit replacement partner in May having also agreed a partnership with Mydeposits. It also launched an integration with Let Alliance and HomeLet’s Vision+ tenant referencing and tenancy management platform.
Reposit charges tenants a non-refundable fee equivalent to one week’s rent instead of a traditional cash deposit. Tenants remain liable for any damage at the end of the tenancy, with disputes resolved through an independent resolution service within 14 days.
According to the company, it provided more than £34m of cover for landlords during the first six months of the year, including more than £12.5m above the value of a traditional five-week tenancy deposit.
Reposit said tenants using its service avoided more than £17.2m in upfront moving costs during the period, equivalent to an average saving of £1,088 per tenancy.
Ben Grech, chief executive of Reposit, put the growing demand down to increasing interest in alternatives to traditional tenancy deposits following the Renters’ Rights Act coming into force.
“Our continued growth, together with new partnerships demonstrates the industry is embracing new ways of working,” he said. “While we’re delighted with what we’ve achieved during the first half of the year, we’re even more excited about the opportunities ahead.”
