The Deposit Protection Service (DPS)

The DPS is your one-stop shop for tenancy deposit protection, offering a choice of custodial or insurance-based protection. Whether you're a landlord, letting agent or organisation, you'll have peace of mind that your tenant's deposit will be protected by one of the largest suppliers of deposit protection in the UK.

Custodial Scheme

  • The DPS Custodial Scheme is open to all letting agents, landlords and organisations
  • There are no membership fees or qualifying criteria to fulfil
  • The DPS will safeguard the deposit throughout the period of the tenancy and repay the funds to the appropriate parties
  • All funds are ring fenced and held in accordance with client money regulations
  • All deposits are repaid within 2 calendar days on receipt of a jointly authenticated repayment instruction

Custodial Scheme

"Deposit protected for the life of the tenancy no matter what"

  • No registration or annual renewal fees
  • You retain the deposit and protection will be provided to your tenant for the duration of the tenancy
  • Competitively priced
  • Available to landlords and organisations on a 'pay as you go', per tenancy basis
  • Letting agents will be required to be associated with, members of or accredited by RICS, ARLA, NAEA, NALS, UKALA or The Law Society and will be required to agree to monthly invoicing paid by direct debit
  • Volume discounts may be available for letting agents – please contact us for further details

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