Tenancy Deposit Scheme - Which is best?

100saving

Hello,

can anyone give me feed back on the following Tenancy Deposit Schemes i'm looking at the follow 3:

Deposit Protection Service (Custodial and Insured) - http://www.depositprotection.com

MyDeposits - http://www.mydeposits.co.uk

Tenancy Deposit Scheme - http://www.tds.gb.com

I like the idea of Deposit Protection Service as its Custodial Scheme costs nothing. But which looks after the landlord the most? Which is easiest to use/control and update?

100saving

bump. anyone?

Pixie5740

Somone asked a similar question 4 days ago so you might find their thread helpful:

https://forums.moneysavingexpert.com/discussion/4951445=

nearlyretired2004

But as you will see I didnt get much helpful advice ......


And for gods sake don't use the word 'control' .....they will rip you to shreds.....!!!


And most readers here seem to be bitter and twisted tenants so you wont get many recommending a scheme that 'looks after the landlord the most'


I will watch your thread and see if you get any better advice....

Pixie5740

I think jjlandlord's posts were probably the most useful since he/she is a landlord and has experience of using them.

nearlyretired2004

Yes ...I did say 'not much' advice, but I probably should have explicitly thanked those who did contribute in a helpful manner .......and jjlandlord was certainly the most helpful!!

benjus

nearlyretired2004 wrote: »

And most readers here seem to be bitter and twisted tenants so you wont get many recommending a scheme that 'looks after the landlord the most'

Actually most of the people on here that contribute extensively to landlord/tenant threads are landlords.

If you hang around on this branch for a while you'll see some requests for help from landlords that clearly have no idea what they are doing or what their legal obligations are, reinforcing the Rachman-esque perception of private landlords in many quarters. To counter this, the regular contributors tend to be ruthlessly fair and above-board in their advice, regardless of whether a landlord or a tenant is asking the question. I can't see why you'd want it any other way - what's the point of taking sides, when the only thing that matters is the law?

tom9980

nearlyretired2004 wrote: »

Yes ...I did say 'not much' advice, but I probably should have explicitly thanked those who did contribute in a helpful manner .......and jjlandlord was certainly the most helpful!!

/sigh

when are you going to drop your attitude? if you are that offended with what you have been told then maybe you don't have a thick enough skin for being a landlord? all you have been doing since your thread is complain.

tom9980

100saving wrote: »

Hello,

can anyone give me feed back on the following Tenancy Deposit Schemes i'm looking at the follow 3:

Deposit Protection Service (Custodial and Insured) - http://www.depositprotection.com

MyDeposits - http://www.mydeposits.co.uk

Tenancy Deposit Scheme - http://www.tds.gb.com

I like the idea of Deposit Protection Service as its Custodial Scheme costs nothing. But which looks after the landlord the most? Which is easiest to use/control and update?

I cannot give you any experience of using any of them however i have now crossed out DPS because of the poor service both tenants and landlords have reported during my recent research.

Mydeposits charge more since you have to register as a new user.

So i am going to be using TDS sometime in the next two months.

it would be interesting to hear more from landlords and tenants who have used the dispute resolution from all the scheme's.