View more on these topics

A third of tenants are aware of deposit protection schemes

A third of all tenants are aware of tenancy deposit protection schemes, a survey by the Tenancy Deposit Scheme reveals.

Letting agents and landlords were also questioned in the survey, carried out in May.

They showed a high level of awareness of mandatory deposit protection, but 38% felt negative about it and 34% were indifferent to the new requirements.

Despite this, 60% of all landlords had signed up for one of the three schemes.

A quarter said they do not take deposits at all and, as a result, fall outside legal requirements to join a scheme.

Lawrence Greenberg, chief executive of the TDS, says: “It is surprising and gratifying that such a high proportion of tenants are aware of the benefits of tenancy deposit protection so quickly after implementation.

Yet, these figures show that we still have a long way to go to get the message across to those who will benefit the most.

“There are still large numbers of landlords who we must presume are breaking the law because they have yet to grasp the fact that tenancy deposit protection is mandatory.”


Ex-brokers launch online specialist sourcing system

An online sourcing system for the specialist lending market that combines real-time credit searches and a multi-lender cascade has been launched.Lenders Online has been developed over the past two years to allow brokers to source specialist products from 14 lenders.It offers instant online credit searches through Equifax, providing brokers with real-time mortgage quotations. It also […]

Broomstick Ball

Mortgage Strategy paid over £3,000 for a table at this year’s Broomstick Ball at a charity auction in Epsom last Friday. The Broomstick Ball is organised by Deirdre McManus, head of sales at Bristol & West.

Advantage selects Hometrack as AVM provider

Advantage has assigned Hometrack to provide free instant property valuations through its online mortgage sourcing system.The appointment is part of the lenders drive to improve its service levels to mortgage customers following a meltdown earlier this year. Advantage hopes the technology, which is available for both purchase and remortgage qualifying cases, will enable it to […]

Paterson quits Park Row for Enterprise Group

Kevin Paterson has quit his position as national sales director at Park Row to take up the position of group marketing director at Enterprise Group.He will start his new position at the beginning of July. The appointment follows Enterprise, which originates close to £1bn in mortgages and loans per annum, getting a cash injection of […]

Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


News and expert analysis straight to your inbox

Sign up