Suppliers themselves are admitting that there has been mis-selling by agents of tenancy deposit replacement products. One provider has revealed that it has dropped agents for mis-selling its product or pressurising tenants. It also asked for agents to be ‘grassed up’ where there are suspicions of mis-selling. Another supplier has claimed that there is a mis-selling of some insurance-based products, …
Johnson confirms end to Section 21 evictions and launches ‘Lifetime Deposits’
Boris Johnson has revealed several major shifts in government policy for the private rented sector and, as predicted, has put evictions at the centre of the General Election housing debate. In an article published by The Sun newspaper early this morning, Johnson has confirmed that the government will proceed with banning Section 21. “At the moment, renting a property can …
Agents told to prepare for ‘crescendo’ of complaints over deposit replacement schemes
The Property Ombudsman has warned agents that complaints about deposit replacement schemes could start coming in during the next six to nine months. Property ombudsman Katrine Sporle said TPO’s consumer forum is frequently being asked to look at deposit replacement schemes. Speaking at yesterday’s TPO conference, she said: “There are the start of murmurings that will get into a crescendo …


