The Deposit Protection Service (DPS) and Tenant Shop are to 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.

Its system also aims to make moving home simpler for tenants by finding them the best deals on insurance, TV and broadband packages as well as energy providers by switching them to their preferred deal.

Tenant Shop’s system also notifies local councils and utility suppliers of new and vacating tenants.

Julian Foster, managing director at the DPS, the UK’s largest tenancy deposit protection scheme, 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.”