How does Reposit Work?
Updated over a week ago

Welcome to Reposit!

We believe every tenant should enjoy financial freedom, especially when it comes to moving house and renting. We don’t think it makes sense for tenants to have their money tied up in a deposit scheme for a whole tenancy in case of an accident that might not even happen.

That is why we came up with an alternative solution!

Reposit is a new way for you to rent so you can pay less and live more. You can now save money for the things that really matter.

To rent a property, you just pay 1 week’s worth of (subject to a minimum of £150) rent as a non-refundable Reposit fee. You can then move into that property you thought you could not afford, as you no longer need to find 5 weeks’ worth of rent as a cash deposit!

This upfront saving means you can use the rest of your money however you want - invest in new furniture, buy flight tickets or put it aside in a savings account. It is as simple as that.

Once you find your desired rental property, your letting agent will give you the Reposit option. If they don’t know about Reposit, you can refer them to us by filling out the form here and we will contact them to get them set up to use Reposit.

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