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.
1,500,000 renters could be at risk of losing their deposits after research revealed a third believe their bond has never been placed in a deposit protection scheme.
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.
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 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.
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”
