mydeposits
One of the three government-authorised deposit protection schemes in England. Offers custodial and insured options. Deposits must be protected within 30 days of receipt.
At a glance
- Scheme options
- Custodial + insured
- Window
- 30 days from receipt
- Operator
- Tenancy Deposit Solutions Ltd
Full guide
Read the complete landlord guide on mydeposits
Deadlines, fines and step-by-step compliance in our in-depth resource.
Open full guideWhy mydeposits matters for landlords
mydeposits is the smallest of the three authorised schemes but offers competitive agent-focused insured products. The scheme choice is operationally neutral — the compliance outcome is the same as DPS or TDS — but a landlord using multiple agents may find their deposits spread across different schemes, which complicates dispute tracking at end-of-tenancy.
Official sources
LetCompliance editorial reviews this entry every quarter against the sources above. Always confirm specific duties with a qualified solicitor or your local council.
Related terms
Deposit Protection Scheme
A government-authorised scheme that holds or insures tenancy deposits. Three schemes are approved in England: DPS (Deposit Protection Service), TDS (Tenancy Deposit Scheme) and mydeposits. Deposits must be protected within 30 days of receipt.
Deposit Cap
The limit on tenancy deposits set by the Tenant Fees Act 2019. Five weeks' rent where annual rent is under £50,000, six weeks' rent where rent is £50,000 or more. Holding deposits are separately capped at one week's rent.
DPS (Deposit Protection Service)
The largest of the three government-authorised deposit protection schemes in England. Offers both custodial (free) and insured deposit protection. Landlords upload deposits within 30 days and issue Prescribed Information to the tenant.
TDS (Tenancy Deposit Scheme)
One of three government-authorised deposit schemes in England. Offers a custodial scheme (TDS Custodial) and an insured scheme (TDS Insured). Adjudication is included for disputes at end of tenancy.
Mandatory Ground
A ground for possession under Schedule 2 of the Housing Act 1988 that the court must grant if proved. Examples include Ground 1 (landlord moving in), Ground 1A (sale) and Ground 8 (serious arrears). Contrast discretionary grounds, where the court decides if possession is reasonable.
MEES (Minimum Energy Efficiency Standards)
Regulations requiring rental properties in England and Wales to meet a minimum EPC rating of E. Landlords cannot grant a new tenancy or continue an existing one for an F or G property without a valid exemption. Maximum fine: £5,000 per property.