Tenancy Deposit Protection Scam
An important press release from one of the tenancy deposit protection services:
Urgent statement: “mytenancydeposit.co.uk”
04 June 2009
MTD Secure Limited trading as mytenancydeposit.co.uk is NOT part of Tenancy Deposit Solutions Limited (TDSL) (trading as mydeposits.co.uk).
This company does NOT operate a Government-authorised Scheme for the protection of tenants’ deposits within England and Wales. The three official Schemes are:
* Tenancy Deposit Solutions Limited trading as mydeposits.co.uk
* The Dispute Service, also known as the Tenancy Deposit Scheme (www.thedisputeservice.co.uk)
* The Deposit Protection Service (www.depositprotection.com)
These are the ONLY 3 Schemes where landlords and letting agents can legally protect their tenants’ deposits.
The claim that “MTD Secure Limited is a company administering a tenancy deposit protection scheme by Tenancy Deposit Solutions Limited under contract from Communities & Local Government” is NOT true.
Any letting agent and/or landlord using this company should be aware that their deposits will NOT be protected. You should immediately use one of the three Schemes above with which to comply with the law. Not protecting with one of the three Government-authorised Schemes can lead to penalties for the landlord.
If you have already deposited funds with this company, you should seek legal advice immediately.
