London, March 2026 — DOS & Co., the trusted advisor to entrepreneurs, family offices, and significant wealth-holders, proudly marks the first anniversary of its pioneering UK Security for Expenses Scheme. Launched in January 2025, this innovative fintech solution has transformed the Party Wall Security for Expenses landscape by replacing a traditionally slow, paper-based, and costly process with a fast, transparent, and no-fee digital service.
The UK Security for Expenses Scheme offers building owners and professional teams a seamless, self-serve portal to establish security for expenses deposits quickly and securely. Underpinned by FCA regulation and hosted on a proprietary platform, the scheme incorporates embedded Know Your Customer (KYC) and compliance checks, enabling users to submit information once and apply it across multiple Party Wall Awards. Each award is allocated unique bank details, a significant advancement over conventional pooled accounts, which enhances segregation, traceability, and third-party verification.
Historically, the security for expenses process was labour intensive and opaque. Building owners faced multiple forms, repeated administrative steps, and substantial fees, typically comprising a fixed charge plus a percentage of the security sum. Deposits were held in pooled accounts at high-street banks, complicating verification and audit trails for adjoining owner surveyors. DOS & Co.’s scheme has eliminated these inefficiencies and costs, delivering a service free of charge that safeguards deposits held ultimately liquid and unencumbered at the Bank of England, thereby offering an unparalleled level of security – no bank lends out the deposits in order to make money.
In its first year, the scheme has protected over £1 million in deposits, with average deposit opening times of under one business hour from submission of compliance information. This rapid turnaround is a testament to the platform’s automation and embedded compliance workflows, which reduce delays and repetitive work while improving consistency and reliability for all stakeholders.
A notable example of the scheme’s impact involved a private client needing to deposit Security for Expenses for three separate Party Wall Awards on the same building in super-prime central London. Traditionally, this would have required completing multiple forms, repeating KYC checks, and incurring fees on each deposit. Using DOS & Co.’s portal, the client created a building profile in a few clicks, uploaded all three awards, and completed KYC once. The portal then generated three distinct sets of bank details in an instant, delivering cost savings, speed, and transparency. Adjoining owner surveyors were able to verify deposits online as soon as they were made, reducing administrative burden and increasing confidence in the security arrangements.
The UK Security for Expenses Scheme exemplifies DOS & Co.’s commitment to innovation and trust in managing complex, high-value payment operations. By modernising a critical aspect of the party wall process, the scheme not only benefits building owners and professional teams but also supports the broader property and construction sectors with enhanced security, transparency, and efficiency.
As DOS & Co. continues to expand its suite of specialist legal, escrow, and digital services, the success of the UK Security for Expenses Scheme underscores the company’s role as a trusted partner for discerning clients seeking sophisticated, reliable solutions in an evolving regulatory environment.
For further information about the UK Security for Expenses Scheme and DOS & Co.’s range of services, please visit https://www.dospay.co.uk/party-wall/security-for-expenses-scheme
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https://www.dospay.co.uk/party-wall/security-for-expenses-scheme
Contact name: Peter Hillyard
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DOS & Co.’s UK Security for Expenses Scheme modernises Party Wall Security for Expenses deposits through a self-serve fintech portal. Building owners can open deposits online with embedded KYC and compliance checks, and each Party Wall Award receives unique account details for simpler verification.
The service is free of charge, removing fees that have traditionally applied to mandatory deposits, while improving security by holding funds at the Bank of England. Average time to opening is under one business hour from submission of compliance information, and the scheme has already protected over £1m of deposits.
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