Mydeposits.co.uk, the pay-as-you-go insurance-based tenancy deposit protection scheme, has proffered surprise at the decision by The Dispute Service (TDS) to raise its prices by 23%.

Eddie Hooker, Chief Executive, mydeposits.co.uk, said: “Landlord users of mydeposits are already benefiting from a VAT price freeze at 2009 levels. Today I can reassure the vast bulk of our agent users that we have no plans for any price rises during 2010. We think this is the least we can do to support the private-rented sector as it emerges from a very difficult and volatile period.