REG - RentGuarantor Hldgs - Licence Agreement with mydeposits

Rentguarantor HoldingsAnnouncement

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RNS Number : 4431U  RentGuarantor Holdings PLC  26 February 2026

 

26 February 2026

RentGuarantor Holdings PLC

 

(the "Company" or "RentGuarantor")

 

Licence Agreement with mydeposits

 

RentGuarantor (AIM: RGG), a provider of rent guarantee services to prospective
tenants across the socio-economic spectrum wishing to rent property in the
UK(1) private rental sector, is pleased to announce a licence agreement (the
"Agreement") with Tenancy Deposit Solutions Limited, trading as mydeposits
("mydeposits", together the "Parties"). The Agreement represents an initial
stage in the development of a rent deposit product to be offered alongside
RentGuarantor's existing professional guarantor service. mydeposits represents
approximately 400,000 landlord members and protects more than £1.3 billion of
tenant deposits across the UK private rented sector.

 

RentGuarantor - Licence agreement with mydeposits

RentGuarantor has signed a licence Agreement with mydeposits which forms part
of the Company's plans to offer an enhanced rent guarantee service by
including a rent deposit service provided by mydeposits as an extension of the
Company's existing product offering.

mydeposits is one of three UK government-authorised tenancy deposit protection
schemes, which has been in operation since 2007, representing approximately
400,000 landlord members and protecting more than £1.3 billion of tenant
deposits across the UK private rented sector. Landlords and letting agents who
rent properties, are legally required to protect any tenancy deposits (also
known as security deposits) in a government authorised tenancy deposit scheme.

Through this innovative model, RentGuarantor aims to simplify the processes
for both guarantor and deposit requirements by:

 

o  Providing landlords with the security of mydeposits' government-approved
deposit protection scheme and RentGuarantor's professional guarantor service
that safeguards against rent arrears.

o  Allowing both the deposit and rental income to be protected for the
landlord and tenant.

o  Utilising RentGuarantor's expertise in tenant-landlord relationships.

o  Using RentGuarantor's proven technology platform to enable swift
application and results.

 

The Agreement represents a new offering for RentGuarantor which the Directors
believe will expand its product portfolio and strengthen its value proposition
within the UK private rented sector.

 

Paul Foy, CEO of RentGuarantor, commented: "This Agreement underscores
RentGuarantor's ongoing focus on exploring opportunities that support growth
and enhance our proposition within the UK private rented sector. We believe
that our proposed new product will represent a major step forward in our
offering to tenants, agents and landlords, combining our award-winning
professional guarantor solution with a leading government-approved deposit
protection scheme that commands a significant market share.

 

"This proposed service will offer a highly compelling and pragmatic approach
to deposit and guarantee management, aligning with upcoming regulatory changes
that seek to empower renters whilst facilitating long-term, efficient and
trusting landlord and tenant relationships.

 

"I look forward to working with mydeposits as we develop and launch this
service."

 

 

The Agreement

 

Under the terms of the Agreement, the Company's agent, landlord, and tenant
customers or contacts will be able to access the mydeposits' scheme via
RentGuarantor's website. By combining the two products, tenants will be
offered the opportunity of taking out a shared deposit and guarantee package,
under one fee to be paid by the tenant.

 

Under the current deposit system, when a tenant rents a home, they typically
have to pay a deposit, which is capped at five weeks' rent. The landlord or
agent is required to place this money into a government-approved deposit
protection scheme, such as mydeposits. At the end of the tenancy, if both
parties agree, the deposit is returned to the tenant, minus any agreed
deductions. If there is a disagreement, the dispute is handled through a
resolution process run by the deposit protection scheme.

 

The Agreement seeks to inverse this process. The deposit amount is to be
agreed at the start of the tenancy, but the money remains with the tenant
rather than being lodged with a government-approved deposit protection scheme,
such as mydeposits. At the end of the tenancy, the tenant then releases the
agreed deductions to the landlord. If there is a dispute, a resolution process
will determine what amount, if any, the tenant must pay, and only that amount
is transferred to the landlord. The deposit amount will be insured under
mydeposits' deposit protection scheme and RentGuarantor will therefore not be
liable for deposit amounts if a tenant does not make payment of these to the
landlord, whilst RentGuarantor will protect against any rent arrears through
its professional guarantor service.

 

This arrangement will have several advantages. For the landlord, it offers the
dual protection of ensuring that both the relevant deposit amount and rental
payments are protected, without them having to pay a fee. For the tenant, they
are the custodians of their own money and thus don't have to wait to be
reimbursed the deposit at the end of the tenancy, which can prove challenging
when a new deposit is required before funds from the previous deposit have
been released.

 

Further information on the launch of the proposed new product offering will be
announced in due course.

 

 

ENDS

 

To engage with this announcement on our Investor Hub, please use the following
link: https://investorhub.rentguarantor.com/link/epJvXP
(https://investorhub.rentguarantor.com/link/epJvXP)

 

For more information, please contact:

 

RentGuarantor Holdings PLC

Paul Foy, Chief Executive Officer

+44 207 193 4418

Kam Bansil / Ian Mitchell, Investor Relations

+44 207 039 1901

 

Allenby Capital Limited (AIM Nominated Adviser and Broker)

Alex Brearley / Nick Harriss / Ashur Joseph (Corporate Finance)

Amrit Nahal / Kelly Gardiner (Sales and Corporate Broking)

+44 20 3328 5656

 

BlytheRay (Financial PR)

Megan Ray

Will Jones

+44 207 138 3204

rentguarantor@blytheray.com

 

 

About RentGuarantor

 

RentGuarantor provides a professional rent guarantee service to tenants
wishing to rent property in the UK(1) private rental sector and through local
authorities, offering a solution when they cannot provide a suitable personal
guarantor - like a parent or relative. RentGuarantor offers its service across
the socioeconomic spectrum, including to domestic and overseas students, as
well as to working professionals and those receiving benefits. The Company
acts as a guarantor on behalf of these tenants, providing payment to landlords
in the event of arrears, unlocking access to housing for tenants, and allowing
parties across the rental value chain to operate with increased confidence in
a changing rental market.

 

RentGuarantor has worked with a significant number of landlords and lettings
agents since it was established in 2018, and has supported thousands of
tenants.

 

(1) Currently excluding Northern Ireland.

 

About mydeposits

 

mydeposits is a government-authorised tenancy deposit protection scheme which
has been in operation since 2007, representing over 400,000 landlord members
and protecting more than £1.3 billion of tenant deposits across the UK
private rented sector.

 

Landlords and letting agents who rent properties on an Assured Shorthold
Tenancy (AST) in England, or an occupation contract in Wales, are legally
required to protect any tenancy deposits (also known as security deposits) in
a government authorised tenancy deposit scheme. mydeposits is one of three
authorised deposit protection schemes in the UK.

 

The mydeposits scheme is operated by Hamilton Fraser Insurance Services
Limited ("Hamilton Fraser" or "HFIS"). HFIS is owned by Brown & Brown,
Inc., a global insurance brokerage group.

 

 

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