DPS and Tenant Shop Collaboration

The Deposit Protection Service (The DPS) and Tenant Shop have announced they will collaborate to “make life easier for agents and save tenants money”.

Tenant Shop provides letting agents with a notification and management software platform that aims to reduce their workload and paperwork substantially. Its system also aims to make moving home simpler for tenants by finding them the best deals on insurance, TV/broadband and energy by switching them to their preferred deal. Tenant Shop’s system also notifies local councils and utility suppliers of new and vacating tenants, helping to prevent ‘stray’ bills.

The DPS is the UK’s largest tenancy deposit protection scheme, keeping deposits safe during the course of tenancies and ensuring money is returned fairly to landlords, letting agents and renters.

Julian Foster, Managing Director at The DPS, said: “We’re delighted to be working with Tenant Shop to explore ways in which we can make life for landlords and letting agents easier – as well as saving tenants money.

“Alongside protecting deposits, The DPS is keen to work with other key providers across the industry to raise standards and improve the experiences of our users.”

Glenn Seddington, Managing Director at Tenant Shop, said: “We are thrilled at the prospect of working with the DPS, with whom we share a common goal of providing letting agents with the tools to make their lives easier.

“By working together with The DPS we can reach a wider audience and promote a service that is designed to improve the efficiency of our letting agent partners and which also enhances the industry image by ensuring that tenants are able to secure the most suitable cost-effective energy, media and insurance products.”

The DPS is part of the Computershare group, a global financial services company with over 30 years’ financial administration experience. Computershare also runs The DPS’ sister organisations, The Letting Protection Service Northern Ireland and The Letting Protection Service Scotland.

Both Tenant Shop and The DPS were winners of ‘Best in Sector’ Supplier Awards at the 2015 ESTAS.