Government figures reveal half a million tenancy deposits held in London

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The majority of deposits protected in schemes in England have been returned to tenants over the past decade, the Government has revealed.

Housing minister Gavin Barwell provided figures on the number of deposits protected, submitted and returned in London in recent years following a parliamentary question from Labour MP Diana Johnson about how many deposits are adjudicated before being returned.

The figures don’t make clear whether these deposits are in custodial or insured schemes, but show 545,937 deposits were protected in 2015-16 by either the Deposit Protection Service, MyDeposits or the Tenancy Deposit Scheme. This is up from 499,098 the year before.

Barwell said: “Overall, 98% of all deposits protected in England since the launch of the tenancy deposit scheme in 2007 are returned to the tenant at the end of their tenancy.”

YearTotal number of deposits protected

Tenants’ deposits submitted and returned in Greater London

YearNumber of deposits submittedNumber of deposits returned

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Written by: Houseladder