The £3bn shake-up few agents and landlords saw coming
Original Article Summary
It is estimated that around 4.7 million tenancy deposits are currently protected across England and Wales
Investor Analysis
Government proposals to abolish insured tenancy deposit schemes could affect over £3bn in tenant funds and force landlords and agents into a potentially years-long operational transition to custodial-only protection. The Letting Partnership analysis highlights the scale of disruption and the lack of transparency in the current insured model.
Investor Relevance
Landlords and letting agents using insured deposit schemes would lose the ability to retain deposit funds directly, affecting cash flow management and requiring operational restructuring. A phased transition could mean running dual systems for extended periods, increasing administrative burden and compliance risk.
Original Source:
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