Category Archives: deposits

1.5 Million deposits still not in any protection scheme

The comparison website (ComparetheMarket) claims that over 1.5m tenants know their landlord has not placed their deposits into a government-backed deposit protection scheme.  The survey conducted amongst 1,000 UK adult private tenants, claims that despite the legal obligation for landlords to … Continue reading

Posted in Blog, deposits, NLA, Politics, research | Leave a comment

Mydeposits chief executive hits back at ‘broken system’ Which? report

The chief executive of mydeposits has hit back at a new Which? report published this week calling for reform of the deposit system for tenants in the private rented sector. Eddie Hooker highlighted that since their introduction 12 years ago, … Continue reading

Posted in Blog, deposits, Fees, Regulation, research | Leave a comment

Longer term tenancies: financial incentives &lower letting fees?

The Government has said it is open to tax or cash incentives to encourage landlords to move towards longer term three-year tenancies. A consultation released on the 2nd July by the Ministry of Housing, Communities and Local Government unveiled plans … Continue reading

Posted in Blog, deposits, Families, Fees, NLA, Politics, Regulation, research | Leave a comment

Government Publishes Tenant Fees Bill

Yesterday, the Government published its tenant fees bill, which will ban all letting and agents fees charged to tenants by agents and landlords in England. The Government first announced in that they would ban letting agents’ fees in the Autumn … Continue reading

Posted in Blog, client money protection, deposits, Fees, Politics | Leave a comment

The Problem of Security Deposit Caps

Plans announced by the government to cap security deposits for tenants in the Autumn Budget 2016 have raised concerns of higher rates and an increase in rental disputes from the National Landlords Association. The cap, which was originally set at … Continue reading

Posted in Blog, deposits, Fees, Politics, scotland | Leave a comment

Who cares about the deposit cap?

Speaking with some clients recently, explaining the Government’s latest wheeze – namely that security deposits are to be capped at one month’s rent – I found it quite remarkable that (frankly) they didn’t much care. To put it into context, … Continue reading

Posted in Blog, deposits, Politics | Tagged , , , | 2 Comments