The Tenancy Deposit Scheme (TDS)
The Tenancy Deposit Scheme (TDS) is an Insurance-based scheme run
by an organisation called The Dispute Service and was established
back in 2003 to provide independent dispute resolution and
complaints handling for the lettings industry. It has been running
a voluntary tenancy deposit scheme for use by regulated agents
since that time and is backed by the three professional bodies for
letting agents in the residential property sector, ARLA, NAEA and
RICS. For more information visit the website www.tds.gb.com or call 0845 226 7837.
Tenancy Deposit Solutions Ltd (TDSL)
Tenancy Deposit Solutions Ltd (TDSL) is an Insurance-based scheme;
it is a new company set up as a partnership between the National
Landlords Association and Hamilton Fraser insurance brokers. For
more information visit the website www.mydeposits.co.uk
The Deposit Protection Service (DPS)
The Deposit Protection Service (DPS) is the sole Custodial scheme
- the running costs of this scheme are funded entirely from the
interest earned on all the deposits held by the scheme. The
Custodial scheme is run by Computershare who have administered
similar schemes for some years in other parts of the world,
particularly Australia and New Zealand. For more information visit
the website www.depositprotection.com
Capita Tenancy Deposit Protection (CTDP)
Capita Plc has recently been awarded a new contract with
the Government (DCLG) to provide an insurance-based Tenancy Deposit
Scheme from April 2013. Capita is a FTSE 100 listed
company with a track record in sectors including property &
insurance.
For more information visit their website www.capita-tdp.co.uk.