English letting agencies stand to lose over £60,000 each after the Tenant Fee Ban was finally passed following a ‘meaningful vote’ in Parliament.
Dlighted’s stolen deposit totaliser, keeping track of the amount of renter’s cash crooked landlords and letting agents have been convicted or accused of raiding from tenancy deposits, has passed £1,000,000 for the third successive year.
The rollout of Universal Credit – the government’s flagship benefits reforms – have seen evictions and rent arrears DOUBLE – meaning more headaches for landlords and letting agents.
A major study has revealed that half of renters want deposits ditched and replaced with low-cost insurance policies – as a both a leading think tank and the consumer group Which? call for the government to reform rental deposits.
£1,000,000 of renter’s cash stolen by crooked agents already in 2018 as deposit theft figures continue to soar
Crooked landlords and letting agents have already been convicted of illegally pocketing over £900,000 of tenant’s cash in deposit theft in 2018 – with half the year still to come.
The collapse of yet another letting agency has left landlords and tenants owed thousands of pounds in deposits which seem to have never been place in deposit protection schemes. The eHomes letting agency in Swaffham Norfolk has suddenly shut up…
The deposit cap -the maximum amount landlords are allowed to take in tenancy deposits – could be set at just three weeks’ rent under new plans announced by the Labour Party.
Landlords and letting agents losing out on £731m of rent A YEAR– as government spends £1bn on emergency accommodation
Landlords and letting agents could be losing out on £61m to unrented homes EVERY MONTH by pricing potential renters out of their properties – while the government spends £1bn keeping them in temporary accommodation.
Trade body figures suggest that the number of complaints being made against letting agents is continuing to rocket – rising 35% in the last 12 months – with legal costs facing letting agents and landlords also growing.