Agents are conduits when it comes to cash and in a market that’s gone from bubbling to boiling point, keeping money safe is of paramount importance, says Lisa Isaacs.
Read MoreWhich? investigation slams industry over rental break clauses and deposits
Consumer organisation has gathered evidence of letting agents and landlords using underhand tactics to prevent tenants moving out of properties.
Read MoreLandlords, tenants and the non-existent deposit
The Property Ombudsman (TPO) Katrine Sporle reviews a complaint from a landlord concerning an agent saying a tenant had paid the deposit, when no deposit had been paid.
Read MoreDeposits are deposits!
"Landlords complained that the agent used a deposit as rental payment. Further rent payments were missed and eventually the landlords won a possession order. However, says Katrine Sporle, The Property Ombudsman, they…
Read MoreDawn of a new kind of tenant deposit
Finding a deposit to buy a home is beyond the reach of many young people, but, says Andrea Kirkby, finding a deposit on top of the first month’s rent is also tough…
Read MoreMore smaller agents will ‘dip into’ tenant deposits after fees ban, predicts Romans
The number of independent letting agents who illegally dip into tenant deposits to support their struggling businesses is set to rise, 30-branch South East sales and letting agency Romans has predicted. Its…
Read MoreWill deposits reform achieve its intended goals?
Debate rages, frustration grows, but, says Andrea Kirkby, is the proposed legislation really a force for good?
Read MoreFake letting agent who scammed £10k off tenants is tracked down after going on the run
A fraudster who posed as a fake letting agent and pocketed £10,000 in deposits for properties he did not have permission to rent has been arrested after more than a month on…
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