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

Protect your tenant’s deposit and hold it in your bank acount

 

 New Tenant? New deposit?

The mydeposits insurance deposit protection scheme lets you hold the deposit whilst complying with your legal
obligations as a landlord.

By law, all landlords must protect their tenant’s deposit and provide proof of its protection within 30 days.

We’re here to help you protect deposits, comply and avoid penalty fines.

2. Protect

Use your online account to register the deposit.

3. Inform

The legal Prescribed Information documents are created, for you to sign and give to your tenant.

4. Complied

Do all this within 30 days and you’ve complied.

What happens during, and at the end of tenancy?

 

You hold the deposit in your bank account for the duration of the tenancy.

At the end of tenancy you can discuss necessary deductions directly with your tenant and return the

deposit immediately without involving mydeposits.

 

Join & protect now

Landlord Pricing Fees

There is a one-off joining fee to become a mydeposits insurance scheme member and then an individual deposit protection fee to legally protect each deposit you take.

1. One-off joining fee

Standard Landlord 
Joining Fee
NLA members and LRS
accredited Landlords*
Online, post or by phone £20 £5

 

2. Pay-as-you-go protection fee

Our pay-as-you-go plan means you only need to protect a deposit when you take one from your tenant.

The protection fee covers the full tenancy and any rolling Statutory Periodic Tenancy (provided you inform us of the extension).

 

 Deposit amount Standard Protection Fee
per Tenancy Agreement
NLA members and LRS
accredited Landlords*
Up to £500 £20 £14
Over to £500 £26 £18.20

 

These fees are subject to change.

*Discounts available on joining and protection fees for full landlord members of the National Landlords Association and/or landlords accredited with the London Rental Standard.

 ^Discount joining fee for new landlord members only. Cannot be used in conjunction with any other offer. Discount lasts until 31st December 2016.

mydeposits Insurance Best Features

You hold the deposit

Keep the deposit in your bank account

  • The deposit is protected for the full tenancy agreement and any rolling extensions.
Take control at tenancy end

You have the freedom to deal with your tenants.

  • Make necessary deductions.
  • Return the deposit immediately.
  • No need to involve us.
  • You have control.
DIY deposit protection

Use your online member account to protect deposits and manage everything.

  • It takes under 5 minutes to protect a deposit.
  • Timed reminders sent at end of tenancy.
  • View all protection history.
  • Manage disputes online.
All your legal documents ready

You need to give your tenant proof that you’ve protected the deposit, called the Prescribed Information.

  • The Prescribed Information documents are created for you immediately.
  • Sign it and send it to your tenant.
  • No extra clauses for your tenancy agreement.
You're in safe hands:

mydeposits is a government authorised deposit protection scheme.

  • We’re the only scheme endorsed by the largest landlord association in the UK.
  • Run by buy-to-let insurance experts, Hamilton Fraser.
  • Authorised by the Department for Communities and Local Government.

What our members say

"I can print the certificate instantly and my tenants are immediately assured their deposit is protected safely."

Mrs B. mydeposits member since 2007

What our members say

"mydeposits has always been helpful, it’s good to have them at the end of the phone if they have any queries."

mydeposits member

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