Four In 10 Deposits Higher Than Government Cap

The Deposit Protection Service (DPS) has revealed that more than four out of 10 of the tenancy deposits it manages are currently higher than the new tenancy deposit cap. Since the beginning of June, most new assured shorthold tenancy deposits in England are capped at five weeks’ rent where the total annual rent is less than £50,000, or at six weeks when the yearly rent is £50,000 or more. Read more on 24housing.

https://www.24housing.co.uk/news/four-in-10-deposits-higher-than-governments-cap/