UK Money News
4th April 2008
Government urged to tighten up tenancy deposit scheme
There is still more work to be done to ensure the government's tenancy deposit protection scheme is a success, according to a leading debt charity.
Yesterday, figures from mydeposits.co.uk showed that since the launch of the scheme exactly a year ago, some £177 million in tenants' deposits have been protected.
The study also showed that of 200,000 individual deposits being protected just 341 actual disputes were notified to the scheme.
However, although the onset of the scheme is "a real cause for celebration", there is still some way to go before all tenants are benefiting from the protection, according to Liz Phelps of Citizens Advice.
She said: "Evidence from Citizens Advice Bureaux suggests that some tenants are still losing out because their landlords are not complying.
"That's why it's important that tenants check with their landlord that their deposit is protected, and get independent advice if they have problems."
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