MTD Secure Limited trading as mytenancydeposit.co.uk is not part of Tenancy Deposit Solutions Limited (TDSL) who trades under the name of 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 (thedisputeservice.co.uk) and the Deposit Protection Service (depositprotection.com)

These are the only three 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. They 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 landlords and letting agents have already deposited funds with this company, they should seek legal advice immediately. The relevant authorities have been informed.