Goodlord’s CEO, William Reeve, said: “Offering deposit replacement insurance is just one of the ways we’re working to provide the best renting experience in the world, by helping letting agencies to create new revenue streams while giving renters a better way to get into their new home.”

Goodlord’s insurance-backed deposit replacement scheme has been white labelled, which means letting agencies can ensure complete alignment with their own brands.

Reeve added: “After a successful testing period with a select group of our customers, we’re excited to now offer deposit replacement insurance to all the agencies we work with.”