Smart Money People Logo

Voting in the Insurance choice awards 2025 is open - Vote here

Own this company?
Share this page

mydeposits reviews

mydeposits's logo
Rated Terrible 1.00/5

mydeposits reviews

This business hasn't yet registered to manage and respond to reviews on their page. Own this business?. Find out how to register here

Unverified business

Review summary

People rate this company as Terrible based on 2 product reviews

Average score of 1.00/5
5 star
0%
4 star
0%
3 star
0%
2 star
0%
1 star
100%
Reviews for mydeposits have trended positively over the past 90 days

Review mydeposits

Help others make smarter decisions by sharing your own experience.

Write a review

About mydeposits

mydeposits offer two types of deposit protection to landlords – insured and custodial.

mydeposits was founded in 2007 and is the only scheme authorised to operate in England, Wales, Scotland, Northern Ireland and Jersey.

mydeposits have over 400,000 members and protect over £1.3 billion of tenants’ deposits.

mydeposits at a glance

Reviews for mydeposits

Showing all company reviews

Landlord Service more than Independent Service

Deposit Protection 15th August 2025

They are definitely not an independent service, they should be called landlord service, I left my tenancy after 3 years with never missing/delaying a rent... They are definitely not an independent service, they should be called landlord service, I left my tenancy after 3 years with never missing/delaying a rent payment and end of the tenancy my Landlord proposed a £657 deductions from my deposit in writing through email which i though was unfair and took the matter to mydeposit thinking they will help, during the dispute my landlord raised the deduction amount to double and asked for £1,450 instead, I provided all the proofs with email received from my landlord about £657 deduction and still in the final decision made by these landlord services made me loosing about £1,490 even more than landlord asked for. there was also a top up deposit of £318 paid by me in cash on the day we signed our last rental agreement and then the new amount was listed on the new agreement also with mydespoit new amount was updated, end of the tenancy my landlord decided to say there is no evidence of £318 and i told them it was paid in cash and after that contract was signed with new deposit amount but they still took £318 out and even gave this £318 again from the amount left in dispute which resulted me loosing £636 for nothing. Also there was a clause in the agreement that if landlord don't inform tenant about the proposed deductions withing 10 working days then mydesposit might decline any deductions but in reality they not even catered the deductions they even gave them more than landlord actually requested. I'm disappointed with this so called independent service which i was seeking help to intervene because £657 deductions were unfair and they made me loosing £1,490 by turning out to be more loyal to landlord. Read more Read less

Rated Terrible 1/5
Read more product reviews

Would NEVER use again!

Deposit Protection 16th September 2024

Always on the side of the tenant not the landlord - would NEVER use them again after our experience.

Rated Terrible 1/5
Read more product reviews
    mydeposits are low on reviews. Used one of their products? Why not write a review.

    Products from mydeposits

    Showing all products offered by mydeposits

    We are Smart Money People

    Join 2 million active users who make better financial decisions with the power of reviews.

    Create an account

    Protecting trust by verifying companies and reviewers

    The only site that specialises in financial services

    Providing everyday people with a voice