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April 24

by mydeposits
Former NLA Chairman, David Salusbury has died, aged 74

It was with great sadness that mydeposits heard of the news that David Salusbury, the former Chairman of the National Landlords Association (NLA), the UK Association of Letting Agents (UKALA), and of mydeposits, died on Saturday 21st April 2018, following a short illness. He was 74-years-old.

He is survived by his wife Rosemary, his sons, Julian and Austen, and his grandchildren.

Early career

After graduating from London University in the sixties, David was commissioned into the Royal Air Force (RAF). There he saw active service in Aden, Northern Ireland and Germany as well as spending time in the United States with the US military. David left the RAF in 1996 after 30 years’ service achieving the rank of Group Captain.

National Landlord’s Association

Motivated to provide quality, affordable housing, David turned his considerable abilities to property. In 2001 he joined the Small Landlords Association (SLA) when it had just 4,000 members and soon became Chairman. David set about turning the SLA into a national and campaigning body for landlords. This started with a change of name to the National Landlords Association (NLA).

Whilst Chairman, David’s leadership helped build the NLA’s recognition and importance with membership having passed 20,000 by the time he retired in 2013.


David was instrumental in lobbying for insurance-based deposit protection for landlords and agents. This was achieved with the creation of mydeposits, a government authorised tenancy deposit protection scheme, in 2006. Using his position as Chairman of the NLA he forged closer ties with Hamilton Fraser, a well-established buy-to-let insurance provider. mydeposits was launched into the English and Welsh markets in April 2007.

During his tenure as Chairman of mydeposits, the scheme expanded into Scotland in 2012, Northern Ireland in 2013 and finally into the Jersey market as the sole supplier of tenancy deposit protection in 2015. Today, mydeposits is the only tenancy deposit protection scheme to have representation throughout the UK and Channel Islands, offering both insurance-based and custodial protection.

The scheme now protects a combined deposit value of in excess of £1BN on behalf of 160,000 landlords and 3,500 letting agents.

Richard Lambert, CEO at the NLA, said:

“Throughout his life and career, David Salusbury commanded respect. He held his beliefs and principles strongly, and was prepared to be forthright in advancing or defending them.

“If this led to controversy on occasion, it also ensured that the NLA reflected his commitment to promoting high standards in rented property and supporting landlords in every aspect of their business.

“Without his drive and determination, the NLA would be unrecognisable as the organisation it is today”.

Eddie Hooker, CEO of Hamilton Fraser and mydeposits, said of David;

“David was instrumental in helping found and set up mydeposits, with myself way back in 2006 and I will forever be in his debt for his drive, commitment and belief in both tenancy deposit protection and the ability of my team at Hamilton Fraser to deliver a workable scheme.

“David was extremely proud of his achievement with mydeposits and he and I spent many hours every week discussing strategy right up until the end. He was both a mentor and a chairman in the truest sense, but above all a great friend and I will miss him tremendously”.

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