London tenancy deposits now double those in rest of the UK
01 April 2015
Average tenancy deposits in the capital were more than twice as expensive as those in the rest of England and Wales during the last year, according to The Deposit Protection Service (DPS).
The DPS calculates the national average tenancy deposit at £819.35 more than half of the average in the capital between March 2014 and February 2015 (£1,721.96).
Since 2007 by law all tenancy deposits must be protected in one of three custodial schemes, DPS, My|Deposits or The Tenancy Deposit Scheme.