Option 4: Mydeposits.co.uk

Note: If you decide to use this scheme then you must issue your tenants with the "Prescribed Information" detailed here.

FAQ

For information about TDSL, please click here

Register

To join this scheme, click here

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If you already a member of this scheme and wish to register a deposit click here

To go back to our TDS Guide, please click here

Tenancy Deposit Solutions is an insurance based tenancy deposit scheme.  It is a membership-based scheme that allows the landlord to continue to hold any deposit they take from a tenant during the period of the tenancy agreement.

How does the scheme work?

The landlord will be required to pay a fee to protect any deposits taken from a tenant. If there is a dispute over the return of the deposit at the end of the tenancy, the scheme, supported by an insurance policy, will ensure that the amount to which the tenant is entitled is returned.

Where necessary, the scheme insurers will recover the disputed amount from the landlord.

The scheme is also required to provide deposit dispute assistance which will be provided free of charge to all parties.

Charges

Notice to Agents

If you are an agent and wish register your deposits with TDSL, the prices are as follows:

General information on TDSL for Agents can be found by clicking here

Agents wishing to register for TDSL cannot register by telephone or online.  Agents must complete an application form and return it to TDSL by post accompanied by a cheque.  You can download the agent application form by clicking here

*All prices include VAT