The Tenancy Deposit Service has overseen 2,550 repayments totalling over £800,000 in returning excess deposits.

From June 1, deposits were capped at a maximum of five weeks rent for tenancies with an annual rent of under £50,000, or six weeks with rents of £50,000 or more.

Where the tenancy is renewed, agents must return the excess.

Debbie Davies at TDS said that repayments have so far totalled £817,031, with the average amount being £320.

The highest repayment was £3,384.