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Deposit

Hey all.

When getting your deposit back after leaving rented accomodation.... does it take time for it to come released from the deposit schemes.

My landlady has said "I have to request the money as it is in a secure client account. This should be released by the end of the week, so should be in your back account week commencing the 24th"

Does this sound about right?

Thanks

Comments

  • ACG
    ACG Posts: 24,910 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I left a rented property 3 months ago.
    I moved out, they checked the property about 3-4 days later.
    2 days after that they released the funds.
    3-4 days later it was showing in my bank.
    All in all we were close to 2 weeks. It wasnt an issue for me as i was purchasing so i didnt have to put down a deposit on a new rental place i already had my deposit for the purchase so i wasnt really pressing them to do it sooner. I imagine you could potentially get it done in a week or so but your relying on the letting agent to treat it urgently - which theyre unlikely to do.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Werdnal
    Werdnal Posts: 3,780 Forumite
    Part of the Furniture Combo Breaker
    But here:

    https://forums.moneysavingexpert.com/discussion/4341833=

    you said it wasn't in a scheme? Has LL now confirmed which scheme she used?
  • Werdnal wrote: »
    But here:

    https://forums.moneysavingexpert.com/discussion/4341833=

    you said it wasn't in a scheme? Has LL now confirmed which scheme she used?


    No confirmation, simply what I quoted above.

    She is being very evasive. Does it sound right?

    Originally when I asked for my deposit back she said "I don't remember you paying one, are you sure you did?"

    Hence why I assumed it wasn't in a scheme. I am very wary of the situation to be honest.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You were advised what to do in the last thread.

    Write.

    Then sue.
  • G_M wrote: »
    You were advised what to do in the last thread.

    Write.

    Then sue.

    I know. That is the course of action IF indeed she doesn't comply with what she has now said.

    It would be foolish to sue if I am getting it back anyway. Hence my question! If it sounds right then I will have to take what she has said at face value.

    If you knowledgable people say it sounds like a line then I will expect the worst.
  • ACG
    ACG Posts: 24,910 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    My deposit was put in a scheme and i received an email with a pass code or something in it.

    To be honest if its not in a scheme, shes best just paying you off anyway, the fine for not putting it in one is quite hefty off memory.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    heman2012 wrote: »
    It would be foolish to sue if I am getting it back anyway. Hence my question!

    it would be wise for you to follow the advice already given - find out if it is in one of the 3 schemes or not !
    heman2012 wrote: »
    If it sounds right then I will have to take what she has said at face value.

    If you knowledgable people say it sounds like a line then I will expect the worst.
    if not in a scheme then we "knowledgeable" people havbe absolutely no knowledge about your LL intentions, how can we?
    If she has the money outside a scheme then the only person driving the timescale is her and she can say what she likes
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