mydeposits.co.uk

 

Landlords

What does it cost?

Joining Fee	Deposit Protection Fee (per tenancy agreement)			Annual Membership Renewal Fee (currently being waived for existing members)
	Deposit	Protect by phone	Protect online
£57.50	Up to £300	£29.36	£17.12*	£14.70
	Over £300	£29.36	£29.36

* mydeposits lite
Save £12.24 for every deposit protected up to £300*
If you take a deposit from your tenant of less than £300, you can now protect the deposit for just £17.12.

Discount only applies when protection is made via the mydeposits website. Offer is not available when protecting deposits via the call centre.

Members of the National Landlords Association (NLA) can join mydeposits for as little as £20. They will also receive a further discount of £4 per deposit for their first four deposit protections - see the NLA website for details.

mydeposits is a "pay-as-you-go" scheme.

• One-off joining fee to set up your account, then an annual renewal fee to keep your account open.
• Deposit Protection Fee for each tenancy deposit that you protect. This will protect the deposit for the duration of the tenancy agreement, however long that might be.
• For a Joint & Several Tenancy Agreement, you only pay one Deposit Protection Fee to cover the whole deposit.
• All fees are payable by credit or debit card – we do not provide credit account facilities.
• All fees are tax deductible and include VAT.
• Discounts are available for members of the National Landlords Association and some other professional organisations.
• Disputes: if the Landlord and Tenant disagree about how much of the deposit should be returned. mydeposits offers a free and impartial Dispute Resolution service.