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
More and more renters are being forced to borrow money just to make ends meet – and one property campaigner believes landlords and letting agents are putting tenancies at risk by continuing to ask for deposits.
The government spends four times as much on housing benefits as it does on building houses – and Britain’s most innovative property boss has a simple idea for how we can get the UK’s £20bn housing benefit bill down –…