Tenancy Deposit Schemes
2026-06-03 · Ministry of Housing, Communities and Local Government · 7013 · Official question
Question
To ask the Secretary of State for Housing, Communities and Local Government, what evidence underpins the current proposal to remove insured tenancy deposit schemes from the reformed tenancy deposit protection system.
Answer
The proposed removal of the insured schemes is based on the objective of ensuring that tenant deposits are as safe as possible.Under the custodial system, money is held by the Tenancy Deposit Protection provider as a neutral third party. Under the insured...