English Housing Survey - Latest deposit statistics

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 English Housing Survey - Latest deposit statistics

Steve Harriott, Chief Executive of the Tenancy Deposit Scheme

July 2013

The latest English Housing Survey for 2011-12 published by the government has highlighted some interesting statistics on tenancy deposits.

Although some commentators have predicted that landlords would stop taking deposits because of the issues to do with the tenancy deposit protection laws the popularity of deposits remains strong with 76% of tenants paying a deposit, a figure which has hardly changed over the last four years.

Table 1: Landlord’s taking deposits

Landlords Taking Deposits           
    2011-12 2010-11 2009-10 2008-09
Yes    75.97% 76.30% 75.00% 75.00%
No   24.03% 23.70% 25.00% 25.00%

Is my Deposit Protected?

As we know tenancy deposit protection has been in place since April 2007 but a surprising figure of only 51% of tenants were able to confirm that their deposits were protected with 26% saying they did not know and a further 23% advising that the deposit was not protected.  If these figures are correct it shows that there is still a great deal of work to do to educate both tenants and landlords about tenancy deposit protection requirements.

Returning deposits

Over the last four years the Survey has shown a remarkable consistency in terms of whether or not deposits were returned in full with almost 70% of tenants claiming a full return at the end of the tenancy.  This figure has hardly changed since 2008-09 with 30% of tenants getting either a partial refund or no refund.

Returning Deposits           
    2011-12 2010-11 2009-10 2008-09
Returned in full    69.64% 70.20% 70.50% 69.50%
Returned in part    17.16% 17.50% 15.80% 17.40%
Not returned   13.20% 12.30% 13.60% 13.00%

Value of the deposit

As we have seen increases in rents it is also interesting to note that the value of deposits taken seems to have changed over the last year with a higher % of deposit now being more than 4 weeks/one month’s rent.  In 2011-12 the figure was 42.2%, a jump of from 35% of deposits a year ago.   This suggests that as rents rise landlords are demanding an even bigger deposit from their tenants. 

Returning Deposits           
    2011-12 2010-11 2009-10 2008-09
Les than four weeks/one months rents   10.94% 11.40% 11.90% 12.70%
Four weeks/one months rent    46.88% 53.70% 52.70% 50.40%
More than four weeks/one months rent   42.19% 34.90% 35.40% 26.30%

  


Posted by Steve Harriott, CEO on 17 July 2013

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