Rental deposits tumble by over 10% in six months following fees ban legislation

The average rental deposit fell over 10% in the six months following last June’s legislation capping deposits at five weeks’ rent. The same legislation also banned tenancy fees.

The average deposit in England was £1,098 in the six months before the cap was brought in. This dropped to £985 in the second half of last year.

Deposits dropped everywhere in England apart from the north-east, where deposits have gone up from £840 to £885.

The largest deposits are in London, where tenants paid £1,807 in the second half of last year, down from £1,961.

The lowest average deposits are in the east midlands, where tenants paid an average of £689 in the six months to the end of last December, down from £763.

The number crunching was done by tenancy deposit replacement provider Ome, a brand of insurance firm Hamilton Fraser which also runs My Deposits.

Sprift 2 end of article

Email the story to a friend


  1. anon-mon73

    The North East will go up – the normal deposit was traditional just a month’s rent. Once the changes came in almost everyone is now taking 5 weeks’ rent.

  2. tefab

    Gelbooru is one of the largest hentai and safe source of image available! … A much better alternative to the Hentai / Anime picture source website, Danbooru. There are thousands of pictures of shotacon and lolicon on Gelbooru, although there are almost none on Danbooru.



You must be logged in to report this comment!

Leave a reply

If you want to create a user account so you can log in, click here

More top news stories

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.