Knowing that your money is held securely in a deposit scheme that benefits you, gives you peace of mind when you rent a property. Deposits are rarely insignificant sums of money to tenants, especially students, who rely on receiving the money back at the end of their time at university, to help them whilst they look for work or unwind with a gap year before seeking employment.
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Keeping your money in a government approved deposit scheme will benefit you as:
Today, all reputable letting agencies use a government approved deposit scheme to give tenants and landlords peace of mind.
If disputes arise mydeposits.co.uk will listen to both sides of the argument and decide how much of the deposit should be returned to the tenants and how much should be passed onto the landlord in compensation for damage or missed payments. This avoids lengthy and expensive court cases for both parties.
Knowing that your deposit is being safely looked after is the best scenario for tenants renting accommodation.
For more information about how the deposit scheme benefits you or about how it works please call our friendly team today on 023 8058 6838.