Thursday, 29 March 2018

Report Reveals Renters Lose £80m A Year To Deposit System

Private renters in England and Wales are missing out on £80m per year in interest on their tenancy deposits as landlords and letting agents are “help themselves”, new research reveals. Analysis by Generation Rent and a University College London (UCL) academic calls on the Government to reform the deposit protection system to:
·         Make the funds available to invest in building new homes
·         Give renters a return on their money while it is locked away
·         Enable renters to transfer part of their deposit between tenancies
Read more on 24housing.

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