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New Tenancy Deposit Scheme by Capita

New Tenancy Deposit Scheme by Capita

A new approved tenancy deposit scheme has been launched by Capita. Capita Tenancy Deposit Protection has been ok’d be the Government and will now offer a dispute resolution service via the Ombudsman Services and will the fourth provider available in England and Wales.

Capita’s prices start at £15 per tenancy for landlords and regulated agents is £9.50 (regulated meaning part of NALS, RICS, NAEA or UKALA). The cost un-regulated agents is a costly £30.

Gareth Kings, managing director of Capita TDP, based in Basingstoke, Hampshire, said: “Capita is pleased to be able to offer landlords and letting agents a new choice of deposit protection service which will give tenants peace of mind.

“Building upon our proven track record in both the property and insurance sectors, we hope to bring a fresh approach to deposit protection, providing a simpler, cost-effective solution for protecting tenants’ deposits.

“As part of our service we will also be offering landlords, agents and tenants help and guidance on how to foster good relationships and minimise deposit-related disputes.”

Martin & Co (Huddersfield Letting Agent) Director, Alex Barron, had the following to say “There are still many landlords and letting agents not abiding by the clear rules for tenancy deposit registration, which is massively frustrating for well practicing letting agents. Hopefully, if someone is looking for a house to rent in Huddersfield, they would use a reputable and legal agent – such as Martin & Co.”