Deposit Protection Service vs Tenant Deposit Scheme (both custodial, ie. free)

[Vince Hogg]

Hi there! Apologies for the rookie thread here and thanks for your patience. I am about to rent out a two-bed property, having previously used a big-ticket letting agent. What I'm finding hard to navigate is where to place our tenants' deposit. I've read bad reviews of the custodial DPS and am struggling...

[Gep]

I need to decide which Deposit Scheme to use, mainly whether to go for the Custodial or the Insured one.

I've read a closed thread on here where people discussed about it, but it's not clear to me what the advantage of the Insured scheme is. People talk about the Landlord having "more...