TDS announces API integration with Yorlet to streamline deposit protection for agents

Lettings software provider Yorlet, has integrated technology with the new API solution created by government-backed Tenancy Deposit Scheme (TDS), providing a faster and more secure method of transferring tenancy deposits.

The TDS API is designed to make life easier for agents when they register deposits. The time-consuming task of duplicating deposit registration data from CRM platforms onto a deposit scheme platform has always been an admin-heavy task. However, with TDS API, letting agents no longer need to spend their time inputting this data manually.

The TDS PropTech automatically transfers the data, removing time lost duplicating tenancy deposit entries, reducing inaccuracies and saving agents more time to spend on growing business.

“We hand-selected TDS because they offer a true technology-first approach to deposit registration. Their clear documentation, alongside a robust testing environment, has enabled our talented engineering team to integrate the service within 4-weeks” commented Max Cartwright, Co-founder of Yorlet.

Yorlet provides a fully integrated lettings, finance and payments suite, bringing together everything that’s required to successfully grow your agency online, offering professional unlimited support along the way.

Yorlet consolidates the typical 5+ fragmented systems that agencies operate on; pre-tenancy, referencing, payments, CRM and accounting. Simplifying lettings, reducing cost and providing a consistent experience to tenants and landlords. The solution

  • Create tenancies in under 10-minutes
  • Reduce arrears by 82%
  • Increase instructions by 25% YoY

Yorlet have successfully transitioned over £3.6b worth of residential properties onto their platform.

Cartwright adds, “We cannot wait to bring this update to our customers alongside our fully automated deposit registration/release workflows. Saving our agents precious time and money.”

Steve Harriott, CEO of TDS concludes, “We are delighted to have Yorlet onboard with the TDS API integration.  We are committed to making life easier for everyone in the lettings process, and our integration with Yorlet will enable us to deliver our service more effectively and benefit all stakeholders.”