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flatfair and the Sheldon Bosley Knight Group Partner to Simplify Renting with Smarter Deposit Alternative Solutions  In a move to offer greater flexibility for renters and landlords, flatfair has announced a strategic partnership with the renowned Sheldon Bosley Knight Group (SBK). Multiple brands under SBK, including the recently acquired Loveitts, will now offer flatfair’s innovative No Deposit solution across their UK branches. Rebecca Dean, Lettings Director at Sheldon Bosley Knight says “The Sheldon Bosley Knight Group is delighted to be working with flatfair, offering a deposit alternative to our valued landlords and tenants across all locations. Letting a property comes with lots of uncertainty for landlords, so we are always looking for ways in which we can improve our services and offerings to them, our clients, to ensure they are protected in every possible way when being a landlord.” This collaboration comes at a time of significant change in the rental market. Recent data from Rightmove highlights that average advertised rents are predicted to increase by 5% outside London and 3% in London by the end of 2024. With rising rental prices putting further financial strain on tenants, flatfair’s No Deposit alternative offers a practical way for renters to reduce upfront costs, while landlords benefit from enhanced protection of up to 10 weeks—far exceeding the traditional five-week deposit cap. Dean adds “For a tenant, choosing flatfair as a deposit alternative reduces upfront moving costs and gives the ability to move to a new home without having to find another five weeks deposits when they may already have a deposit locked into another tenancy.” Adding to this, Rightmove’s data reveals a record proportion of former rental homes are now on the market for sale, with 18% of homes listed for sale in 2023 previously available to rent—a sharp rise compared to just 8% in 2010. This growing trend reflects shifting market dynamics, further underlining the need for innovative solutions like flatfair’s No Deposit to meet the evolving demands of the rental landscape. flatfair’s momentum continues to grow, with over 65 agents and Build-to-Rent operators signing up to use its Deposits platform in 2024. SBK joins an impressive roster of industry leaders, including Andrews, Spicer Haart, and Beals, who are embracing forward-thinking solutions to navigate today’s challenging rental market. “At Sheldon Bosley Knight, we are committed to providing a service of excellence and peace of mind. This new offering will strengthen our proposition, providing landlords with more protection and enabling tenants to move without excessive upfront moving costs.” – Rebecca Dean, Lettings Director Sheldon Bosley Knight |
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