Choosing My Deposits as a Deposit Protection Scheme
My Deposits is a Deposit Protection Scheme (DPS) that provides landlords safe and secure tenancy deposit protection in the UK.
My Deposits ensures full compliance with all legal requirements, giving both landlords and tenants peace of mind throughout the duration of their tenancy agreement. My Deposits offers free membership to landlords, allowing them to register deposits quickly and easily online. My Deposits takes pride in protecting tenant deposits and providing a fair resolution as quickly as possible.
My Deposits allows landlords to protect both Assured Shorthold Tenancy (AST) deposits and licences for Houses in Multiple Occupation (HMOs). My Deposits also offers additional services such as dispute resolution, insurance-backed protection options, risk assessment and mediation. My Deposits also has a dedicated team of experts who are on hand to provide guidance and support throughout the tenancy process
When using My Deposits, landlords can choose from two protection options – custodial or insurance-backed.
The custodial option is free for landlords to register deposits with My Deposits, but the insurance-backed option requires an additional fee for each deposit registered. My Deposits takes their fees directly from the tenant’s deposit when it is returned at the end of the tenancy agreement. My Deposits charges an administration fee of £20 +VAT per tenancy agreement as well as other applicable charges depending on which services you use
My Deposits offers landlords a convenient and secure way to protect their tenant deposits.
My Deposits is also recognised as one of the most trusted deposit protection companies in the UK, making it an ideal choice for landlords looking for reliable deposit protection services. My Deposits offers competitive fees when compared to other DPS providers, so landlords can be confident they are getting a great value service. My Deposits also provides comprehensive dispute resolution services which helps landlords quickly resolve any disputes between them and their tenants without having to go through costly legal proceedings
Overall, My Deposits is a great solution for landlords looking for reliable deposit protection in the UK. My Deposits ensures full compliance with all legal requirements, offers great value-for-money services and provides comprehensive dispute resolution services. My Deposits is one of the most trusted and reliable deposit protection companies in the UK, making it an ideal choice for landlords looking for secure tenancy deposit protection.