First of all hi from the all team at Reposit 👋 Its great to hear that you are looking into Deposit alternative products 😄
A Reposit is a faster, more affordable way to provide your landlord and letting agent with peace of mind and cover. ✅
Reposit is a deposit alternative product, instead of you paying 4-6 weeks rent as you would with a traditional deposit, you pay the equivalent of one weeks rent as a non-refundable service charge to Reposit, which provides landlords with 8 weeks’ worth of end-of-tenancy protection.
When you pay your service charge, equal to just 1 week’s rent, we add your landlord as a named beneficiary to our insurance policy underwritten by Canopius, A Lloyd’s of London Syndicate insurer.
As the tenant you are still liable to damages, rent arrears, cleaning, just as you would for a standard deposit.
There is a handy calculator on our website that shows you exactly how much you could be saving today: https://reposit.co.uk/tenants/