Deposit alternative provider flatfair has formed a partnership with Dandara Living, an independent property development firms and Build to Rent business.
Under the new partnership, residents have the option of flatfair’s deposit alternative alongside a traditional deposit.
At a time when rental costs, and therefore deposits, are reaching new highs month-on-month, residents can significantly reduce their upfront move-in costs.
flatfair also saves agents and operators time and improves compliance by not having to manually register traditional deposits.
Gary Wright, CEO of flatfair, said: “We are delighted to be partnering with such a renowned name in the industry, and the growing popularity of flatfair Deposits, not just in the Build to Rent industry, is a mark of how beneficial and important our product is to all parties.
“Although deposit alternatives are still relatively new to the industry, agents and Build to Rent operators are increasingly recognising the multitude of benefits that our deposit platform offers.
“Providing a choice of deposit options to customers is now a necessity, reflecting the evolving needs of the market.”
Sam Smith, operations director at Dandara Living, said: “We have been looking at the deposit alternative product offering for some time, and we have watched this product mature over the last few years and become a proven alternative that today’s renter wants to see.
“We are delighted to be partnering with flatfair on this new offering, and this further enhances our focus on the resident experience.”
