Alto reveals integration with alternative deposit scheme

Cloud-based software system Alto has teamed up with Zero Deposit allowing agents to offer clients a regulated and automated deposit replacement service as well as helping to speed up end of tenancy admin tasks.

Research by Zero Deposit shows that 65% of tenants would opt for an alternative to a traditional security deposit and the firm already works with already works with some of the UK’s largest letting agents including Connells Group, Foxtons, LSL and Knight Frank

REGULATED

As Alto’s latest client referral partner agents will be able to provide their customers a fully regulated and automated experience and help remove the administrative burden associated with the end of a tenancy through faster claims payments.

Riccardo Iannucci-Dawson, Alto

Zero Deposit also provides transparency for tenants, with 100% of lets protected with 6 weeks’ worth of cover – even with a cash version where the firm tops up the extra week.

Riccardo Iannucci-Dawson, Chief Operating Officer at Alto, part of Houseful, says: “The main barrier for today’s tenants is raising a deposit with over 70% of tenants borrowing to fund their deposit.

“Zero Deposit removes this barrier, widening the pool of prospective tenants for letting agents and ensuring they find the perfect match for their landlords.

STAND OUT

“We’re delighted to partner with the leading provider in this space and believe that implementing it is an easy way for Alto customers to stand out from the competition.”

Sam Reynolds, Zero Deposit

Sam Reynolds (main picture, inset), Chief Executive at Zero Deposit, adds: “There has been considerable interest from our partners in launching an integration with Alto.

“It’s a seamless experience for our partners to win more instructions, attract the best quality tenants and radically improve the end-of-tenancy experience. It’s a win for landlords, tenants and letting agents.”