The average tenant is having to find a deposit of £1,197.73, says Mydeposits.
The scheme says the amount has gone up by over a third – or £303.91 – in the last seven years.
The average deposit size in London is £1,760.70, while the cheapest average deposits are in Yorkshire & the Humber at £592.75.
In the second quarter of this year, deposit amounts rose by 4.12% (or £47.34) compared with the first quarter.
Mydeposits has taken the data from its records of over 2.3m tenancies across England and Wales.
Comments (2)
Looks like Lancaster is good value then. Tenancy deposits have barely risen at all in 7 years.
Also in my area and Yorkshire & Humberside are not the cheapest.