Types of deposit protection

We offer a choice of two Tenancy Deposit Protection schemes; Custodial and Insured. Both are completely secure, and guarantee the deposit will be available to distribute at the end of the tenancy.

In our Custodial scheme, we hold on to the deposit, whereas with the Insured scheme, you retain the deposit and pay us a small fee to protect it

Not sure which deposit protection is right for you? Here’s a quick look at how they’re different...

 

Why choose our Custodial scheme?

› Our service is free, so you won’t need to worry about membership fees or any other costs, which is why it’s the most popular choice for letting agents and landlords

› Your tenant’s deposit is protected from the moment it’s submitted, to the end of the tenancy

› We repay the deposit at the end of the tenancy, saving you administration time and effort

› Any funds you submit to us are 100% protected and kept separate from the money we use to run the company

 

Why choose our Insured scheme?

› Our service is competitively priced and is available on a ‘fee per deposit’ basis

› You don’t have to worry about paying a registration or annual renewal fee

› You’ll retain the deposit and we’ll protect it for the duration of the tenancy

 

I have lots of deposits I want to protect in your Insured scheme. Can I get a discount?

Yes, if you have over 100 deposits to protect then we can offer a great discount on our Insured scheme. Drop us a line at business@depositprotection.com to find out more.