News in brief
Tenancy deposit scheme

The tenancy deposit scheme obliges all landlords who take deposits from tenants to join one of three deposit protection schemes. There are large fines for those who fail to comply; they also lose their right to evict. Many may be falling foul of rules, simply because they have failed to realise that letting a flat, even to a friend, makes them a landlord.

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This article is for your general information and use only and is not intended to address your particular requirements. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without appropriate professional advice after a thorough examination of their particular situation. Your home may be repossessed if you do not keep up repayments on your mortgage.

Article date: 09.07