Reposit for Landlords – A Secure, No-Cost Alternative to Traditional Deposits

We are pleased to offer Reposit, a deposit alternative designed to protect landlords while reducing upfront costs for tenants. This guide explains what Reposit is, how it works, and why many landlords choose it over traditional cash deposits.

Reposit is an FCA-regulated deposit alternative that replaces the traditional 5-week cash deposit.

Tenants pay a one-off fee equal to one week’s rent (minimum £150), and in return, landlords receive 8 weeks’ worth of cover, backed by an insurance policy.

There is no cost to you as the landlord.

Traditional cash deposits are capped at 5 weeks’ rent. Reposit gives you 8 weeks of cover, offering significantly more protection if issues arise at the end of a tenancy.

There are no fees, no subscriptions, and no ongoing charges. Reposit is funded entirely by the tenant’s service fee.

Properties advertised with a “deposit-free option” typically attract more enquiries and let faster. This can help reduce costly void periods and keep your property occupied.

If charges are disputed, Reposit works with independent, professional adjudicators, often resolving cases in around 14 days. Much quicker than government deposit schemes, which can take several weeks.

Reposit is authorised by the Financial Conduct Authority (FCA) and protected by the Financial Services Compensation Scheme (FSCS). This ensures transparency, security, and a robust insurance structure behind every tenancy.

Referencing and affordability checks are carried out exactly as they would with a standard deposit.

If the tenant opts in, Reposit will automatically be added to the tenancy once referencing is passed.

Reposit sends the tenant an email to sign up and pay their one-off fee.

As soon as the tenant pays, you are protected for 8 weeks’ rent throughout the tenancy.

If charges are owed (e.g., cleaning, damages, unpaid rent), we submit these through Reposit’s platform with supporting evidence. The tenant can either accept and pay or raise a dispute.

If a claim is upheld, Reposit pays you directly, usually within 20 days, and then pursues the tenant separately. You are never left waiting for funds.

Reposit provides cover for:

• Rent arrears

• Cleaning and damage

• Replacement of lost items

• Other valid end-of-tenancy charges

Utility bills are not covered.

• Tenants must pass referencing to be eligible for Reposit.

• The cover protects you, not the tenant, tenants remain liable for all valid charges.

• Reposit handles all claim recovery, including legal action if required.

• You can still choose to take a traditional deposit instead, if preferred.

Yes, Reposit replaces the traditional 5-week cash deposit with an 8-week insurance-backed guarantee.

No. Reposit is completely free for landlords.

Yes. Reposit is optional. You may choose the standard cash deposit if that suits your property or tenant better.

Reposit wording is added to the AST, confirming the cover and the tenant’s obligations.

Reposit’s average payout time is under 20 days, even in dispute cases.

Reposit may be a great fit if you want:

• Stronger financial protection

• Faster lettings and fewer voids

• No upfront or ongoing costs

• Quick, professional dispute resolution

• A simple and modern alternative to the traditional deposit

Our team is happy to explain how Reposit works with your individual property or portfolio.