TDS Scheme Deposits shows an increase of 360,000 over the year

As the private rented sector continues to grow; this demonstrates the need for tenancy deposit schemes to ensure that deposits are protected for tenants

TDS Scheme Deposits shows an increase of 360,000 over the year

The latest statistical briefing from the Tenancy Deposit Scheme has just been published.

It shows that at the end of March 2016 there were a total of 3.426m deposits protected across England and Wales; an increase of some 360,000 over the year.

“These figures demonstrate the continuing growth of the private rented sector, which is now larger than the social housing sector in England and Wales. The huge number of deposits being paid by tenants at a value of some £3.5bn demonstrates the need for tenancy deposit schemes to ensure that deposits are protected for tenants.

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