What is Insurance?

Our insurance scheme means you paid to join mydeposits
and also pay a protection fee that lets you hold the deposit
in your bank account.

If this is how you protect deposits login here

Member LOGIN


What is Custodial?

Our custodial scheme means that you joined mydeposits
for free and transfer the deposit money to us to hold.

If this is how you protect your deposits, then use:

Landlord login or Business login

Landlord LOGIN Business LOGIN

Deposit Calculator

The Deposit Cap – Tenant Fees Act 2019

From the 1st June 2019 the amount of deposit that can be taken from a tenant at the start of each new Assured Shorthold Tenancy (AST) and the renewal of all existing tenancies will be capped in England as part of the Tenant Fees Act 2019.

The total deposit that can be requested and taken from a tenant will be as follows:

  • Where the annual rent is up to £50,000, a maximum of 5 weeks’ rent
  • Where the annual rent is £50,000 or over, a maximum of 6 weeks’ rent

The table below shows what action is required by landlords or agents at each stage of the Act.

  Before 1st June 2019 After 1st June 2019
You must comply with the 5/6 week deposit cap  
  • New fixed term tenancy
  • Renewal tenancy
You are not limited by the 5/6 week deposit cap
  • New fixed term tenancy
  • Renewal tenancy
  • Statutory/Contractual periodic
  • Statutory/Contractual periodic

How much deposit
can I take?

Find out by using our
Deposit Calculator

Annual Rent
£
0.00
Maximum deposit
£ 0.00
 

This website uses cookies to ensure you get the best experience More info