New custodial tenancy deposit protection scheme launches
Fri 08 Apr 2016
From 1st April landlords now have a choice of custodial tenancy deposit schemes with the launch of a new service by the Tenancy Deposit Scheme. Their custodial scheme will run alongside the insurance-backed scheme.
Chief Executive Steve Harriott said "The launch of TDS Custodial now gives landlords more choice, providing a fast, free and secure service that removes the hassle from protecting their tenant's money. Those who make the switch to TDS Custodial can expect a quick transfer of their deposit into our scheme at the start of the tenancy, and an even quicker repayment once the tenancy comes to an end"
Later this month mydeposits will also be launching a new custodial scheme to run alongside their insurance-backed scheme. This will be accompanied by the launch of Money Works, a hub of expert guidance aimed at tenants using the new custodial scheme.
Until now the only custodial scheme was operated by the Deposit Protection Service.
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