Deposit Protection Service
The Deposit Protection Service (DPS) is open to all landlords and letting agents, and is the only scheme that is free to use. Our funds are secured with a trusted high street bank, so for safe, secure and straightforward deposit protection, the DPS is ideal.
Fast
Landlords and letting agents can access online accounts 24/7 and submit deposits in minutes, allowing you to concentrate on doing business, not admin.
Free
The DPS is the only Government-authorized custodial scheme that is free to use.
Secure
All funds are ring fenced in accordance with client money regulations.
Inclusive
The DPS is open to all private landlords and letting agents, with no pre-conditions to meet or assessments to take.
Fair
An independent and free Alternative Dispute Resolution (ADR) service will aim to resolve any disputes quickly and without the need for court action. Landlords, agents and tenants could also earn interest on any proportion of the deposit they are entitled to retain at the end of a tenancy.
Reliable
The DPS is managed by Computershare Investor Services Plc, a global business with more than eight years’ deposit protection experience.
Repayment Requests
Landlords, agents and tenants can all request the repayment of a deposit to the appropriate parties at the end of a tenancy - either jointly or independently, online or by calling us and requesting a paper form.When one party requests a repayment, the other needs to confirm whether they agree with the proposal, by completing an acceptance form - either online or by post. It is in the best interests of all parties to agree promptly on how the deposit is to be repaid, so that everyone receives the funds due to them quickly and amicably.
All deposits are repaid within 10 working days of the correctly completed acceptance form being received by The DPS.
www.depositprotection.com