Tenancy Deposit Protection Schemes

On this page we give you a little more information on the 3 Government approved Tenancy Deposit Protection Schemes used in England & Wales.

The Three Government-Approved Tenancy Deposit Schemes Used in England & Wales

Tenancy Deposit Scheme

Tenancy deposit scheme (TDS)

Established since 2003

TDS is an insurance-backed deposit protection and dispute resolution scheme run by The Dispute Service. It was established in 2003 to provide dispute resolution and complaints handling for the lettings industry, including a voluntary deposit scheme for regulated agents which TDS will now absorb. It is designed primarily to enable letting agents to continue holding deposits, but landlords can also join the scheme. For more information, visit www.tenancydepositscheme.com

Deposit Protection Scheme

Deposit Protection Service (DPS)

Established since 2007

The DPS is the only custodial deposit protection scheme – is free to use and open to all Landlords and Letting Agents. The service is funded entirely from the interest earned from deposits held. Landlords and Letting Agents will be able to register and make transactions online. Paper forms will also be available should internet access be an issue. The scheme will be supported by a dedicated call centre and an independent dispute resolution service. For more information, visit www.depositprotection.com

MyDeposits

MyDeposits

Established since 2007

MyDeposits is a partnership between the National Landlords Association and Hamilton Fraser Insurance. The insurance-based tenancy deposit protection scheme is designed primarily to enable landlords to continue holding deposits. Agents can also join the scheme. For more information, visit www.mydeposits.co.uk

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Unlike most companies in the UK, we only specialise in one very specific area of housing law, Tenancy Deposit Protection Claims. This has allowed us to become the top-rated claims business in the country, with hundreds of 5-star reviews and years of expertise in helping tenants make successful tenancy deposit claims.

Compensation pay outs for tenants can be huge, all the way up to 9x the value of your deposit depending on the specifics of your case and the number of breaches your landlord has committed. One of our clients recently received nearly £12,000 from their claim!

There are ZERO upfront costs! We operate all of our cases on a no win, no fee basis.

All legal fees are recovered from the landlord when we win, along with a modest success fee from your compensation. Your compensation can be worth the return of your deposit in full, plus 3x your deposit value on top!

It’s so important to understand that your conversation with us and our legal team is 100% confidential. Your landlord or letting agent will not be able to find out that your exploring a tenancy deposit claim, right up until the point notice is served to them.

Our job is to make yours easier. The whole process is very hands-off for the tenant, in fact, you won’t be required to speak to your landlord or letting agent at all, from start to finish!

All of the solicitors we work with are carefully chosen to ensure we cover all bases when it comes to Tenancy Deposit Claims. This allows us to place you with the most suitable solicitor to handle your case successfully.

On average, we can have your claim ready to go and with a solicitor within 24 hours of you contacting us.

Of course, if you would prefer to move at a slower pace or place your claim on hold whilst you’re still in the property, that is absolutely fine. You’ll never feel rushed or obliged to do anything.

If you read a few of our reviews, they will all mention how easy it is to communicate with us, whether than be questions you have or images/documents you want to send us.

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Tenant Success Stories

At Tenant Angels, we have built a solid reputation and thanks to hundreds of 5-star reviews on TrustPilot and Google, we are so proud to be the highest rated Tenancy Deposit Claim specialists in the UK. Read just a handful of our latest success stories from tenants just like you!
Tenant Angels Tenancy Deposit Claims

We've Helped Thousands of Tenants All Over England & Wales With Tenancy Deposit Claims