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.
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.
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.
Almost half of landlords have had tenants default on rent payments and a quarter have been left with huge repair bills at the end of tenancies – with one landlord left £16,000 out of pocket. Could replacing a traditional deposit…
Government announces deposit-free renting study alongside Tennant Fees bill – calling them as “unreasonable” and “excessive”
New research suggests cost is the most important factor for renters when it comes to choosing a property – disproving the old theory of location, location, location.
Millions of millennials will still be renting when they retire – threatening to take Britain’s deposit bill towards £1trillion
Renting reformer: “A third of people will never own their own home because money they could be saving for mortgage deposits is being wasted on tenancy deposits. It’s crazy”