Tenants continue to lose out
30th September 2008
First-time buyers are being urged to invest in property after a new study found that people who rent are losing thousands of pounds in deposits each month.
Research by mydeposits.co.uk, a government-authorised tenancy deposit protection scheme, estimates that tenants could be losing in excess of £15,000 per month by not keeping to the terms of their tenancy agreements
Disagreement over the condition of a property has led to many tenants losing their money which they could have used to buy a house.
According to mydeposits.co.uk, cleaning bills account for 38 per cent of all deposit disputes.
David Salusbury, chairman of mydeposits.co.uk, said: "Most tenancies end amicably but it is a two-way relationship. Most landlords behave fairly and only withhold deposits where necessary. But it's also incumbent on tenants to ensure they treat the property with respect and pay their rent on time."
Data from Hometrack states that house prices are now 6.2 per cent lower than they were 12 months ago and have fallen by one per cent during September alone.
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts – they will guide you through the process.
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UK Property Investment
30th September 2008
First-time buyers are being urged to invest in property after a new study found that people who rent are losing thousands of pounds in deposits each month.
Research by mydeposits.co.uk, a government-authorised tenancy deposit protection scheme, estimates that tenants could be losing in excess of £15,000 per month by not keeping to the terms of their tenancy agreements
Disagreement over the condition of a property has led to many tenants losing their money which they could have used to buy a house.
According to mydeposits.co.uk, cleaning bills account for 38 per cent of all deposit disputes.
David Salusbury, chairman of mydeposits.co.uk, said: "Most tenancies end amicably but it is a two-way relationship. Most landlords behave fairly and only withhold deposits where necessary. But it's also incumbent on tenants to ensure they treat the property with respect and pay their rent on time."
Data from Hometrack states that house prices are now 6.2 per cent lower than they were 12 months ago and have fallen by one per cent during September alone.
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts – they will guide you through the process.
<< Back to News