Crooked landlords and letting agents have raided close to £1,000,000 from tenancy deposit accounts in 2017 – new figures show.
Budget response: “It’s all very well building more houses, but are renters going to be able to afford to buy them?”
Property campaigner and zero deposit pioneer Ajay Jagota has responded to today’s Budget.
A leading property expert is warning that the government’s draft Tenant’s Fees Bill contains sweeping powers for the Secretary of State to suddenly cap tenancy deposits at four weeks after all– or to ban them altogether – strengthening the argument…
A government plan to cap tenancy deposits at 6 weeks rent threatens to cost Britain’s renters an average of £1391 – and the country up to £6bn – a deposit-free renting boss believes.
New figures show that the government’s proposed deposit cap will push average North East deposits towards the £1000 mark.
A leading property campaigner is “not convinced” by government plans to make it a criminal offence for letting agents to charge tenants fees and to intorduce a deposit cap
DCLG has revealed that the total value of cash lost to the British economy through tenancy deposits has rocketed to £4.1b – a rise of 22%.
The total value of renter’s cash deposits stolen by crooked letting agents and landlords this year is edging closer to £1m.
A leading property campaigner believes proposals to allow renters to transfer tenancy deposits between properties are to be welcomed – but will ultimately do little to improve the reality of renting