Damning report on tenancy deposit protection
Renters are struggling to move home because they face weeks of waiting for their deposits to be returned.
A new report from Which? says that the deposit system is broken, and suggests that deposit replacement products or tenants’ passports would be better. However, there is also speculation that insurance-type replacement products could be the next PPI scandal waiting in the wings, with suggestions that tenants are being asked to pay for protection but not getting any cover themselves.
Also, read how the chief of mydeposits has hit back against the claims.