Several new firms have signed up to the Zero Deposit team after it was opened up to independent agents in January.
The Zoopla-backed deposit replacement scheme, which launched in February 2018, revealed several new names including Dacre, Son & Hartley (Yorkshire), Kings Group (London & Home Counties), Andrew Craig (North East), Keatons (London), Moginie James (South Wales), Michael Poole (Teesside), Paramount (London), Pedder (South East London), Watsons (Norfolk) and Northfields (West London).
It comes as the scheme marks its first anniversary since launch in February 2018.
Jon Notley, co-founder of Zero Deposit, said: “A year on from our launch, we are delighted with the progress that we have made in all segments of the letting agency market and the quality of agents that we are attracting to our network.
“We now have more than 1,300 agent offices live and this number is growing every week as landlords and tenants become increasingly aware of the deposit replacement option that we can provide.
“Our message is clear. If agents are going to offer a deposit replacement to their tenants, it is vital that they put the best possible protections in place for their landlords. We believe that this includes ensuring that your chosen product is regulated by the FCA, with all of the associated safeguards.”
Its big-name users include Connells, Knight Frank and Foxtons.
Meanwhile, Reposit, which relaunched in the middle of 2018 after getting financial backing from Weisz Investments and Avonmore Developments, said its scheme was now being offered by 350 agent branches at brands including Pattinson, Martin & Co, Hunters and Northwood, as well as a range of independents.