To ask the Secretary of State for Communities and Local Government, with reference to the Answer of 16 November 2015 to Question 13604, on tenancy deposit schemes, what the total value is of all the deposits currently held by each of the schemes on either a custodial or an insurance-based basis.
6 March 2017
The three Government approved Tenancy Deposit Schemes in England help ensure that tenants are treated fairly at the end of their tenancy through protecting deposits.
A deposit can be protected in a custodial scheme where the deposit is paid (submitted) and held by the scheme until the end of the tenancy. The scheme will pay the deposit back (return) to the tenant if they have fulfilled all their obligations at the end of the tenancy. A deposit can also be protected in an insured scheme, where the landlord or agent holds the deposit and pays it back to the tenant at the end of the tenancy. The deposit is not submitted to or returned by the scheme.
The figures available for the number of deposits protected for tenants in Greater London since 2011, are set out in Table 1, and for deposits submitted and returned in Table 2.
Table 1 – tenant’s deposits protected in Greater London
Total number of deposits protected
Table 2 – tenant’s deposits submitted and returned in Greater London
Number of deposits submitted
Number of deposits returned
The differences between the number of deposits submitted and returned are due to different lengths of tenancies, cases going through the dispute resolution process, and the protection of more deposits as the private rental market continues to grow.
Overall, 98 per cent of all deposits protected in England since the launch of the tenancy deposit scheme in 2007, are returned to the tenant at the end of their tenancy.