When letting agents go bust: the need for client money protection

When you think about it, renters take a number of risks when they start a new tenancy. For a start, they hand over hundreds of pounds to letting agents in deposit and rent payments, trusting that this will get them a safe and decent home to live in.

Our research, published yesterday, shows that renters typically handover £600 in deposits alone.

Landlords also put their trust in agents who, by law, have to put deposits in official protection schemes. … Read more