National Residential Landlords Association
Home My Account My Portfolio
Join Us Log In

Pros & Cons of the Deposit Schemes
Tenancy Deposits

South East London Landlord
South East London Landlord
1 Thanks
49 Posts
15 years ago
0
Hi all,

Can anyone advise the pros & cons of the 3 deposit schemes? As far as I am aware, there are 2 insurance backed ones, where you pay a small fee, and you hold the deposit yourself, and the government one whereby you allow them to hold the deposit, and its free to use?

I am just wary of letting someone else hold the deposit, but also begrudge paying a fee, regardless of the small amount, as times are hard enough to make a profit!!

Any suggestions would be greatly welcomed!

regards

Stuart

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?