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Tenants 'ripped off' by letting agents keeping deposits
Comments
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I'd like to commission some market research among letting agents.
How many of you, in your career history have the following entries;-
double glazing sales
timeshare sales
Amway/Utility Warehouse/water filters
insurance direct sales
mortgages pre-2004?
It has to be the last bastion left to the unregulatable?
Apologies, of course, to the reputable firms and individuals having their profession besmirched by such people.
It used to be us.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
We paid a holding deposit as well as reference check fees. The agent then said the LL had pulled out (Later found out he was told it was us). They would not return our deposit and said they would keep the checks for other properties. They never got in touch again and we doubt very much if they ever did any checks.
Talking to a friend, the same agents did the exact same to their son.
Seems like it is good business if you can get away with it.0 -
jjlandlord wrote: »If you start forbidding fees because of the risk of rip off, you can just ban money altogether...
However, note that the article mentions deposits, not fees. Scotland bans fees.
If you have a judgement against the agent, he will pay or close shop.
He will pay because when he does not you will send bailiffs to seize his goods.
Again, the law is there, people should use it.
Going to court costs money, bailiffs cost money - those who rent often don't have the spare cash to follow through with legal action.0 -
outofmoney wrote: »Seems like it is good business if you can get away with it.
They got away with it because you let them.JencParker wrote: »Going to court costs money...
Court fees for a money claim filed online vary from £25 to £70 from amounts due up to £1,500.
Clearly that's affordable for someone who just paid hundreds in deposits and fees.
That's exactly my point: People whine, they don't want to stand up for themselves, they think they are just entitled to everything.
"Too expensive", "too complicated", "unfair", "too much trouble"... Please.
When it's time to upgrade the smartphone or to renew the subscription to Sky, suddenly there is no longer any problem.0 -
jjlandlord wrote: »They got away with it because you let them.
Court fees for a money claim filed online vary from £25 to £70 from amounts due up to £1,500.
Clearly that's affordable for someone who just paid hundreds in deposits and fees.
That's exactly my point: People whine, they don't want to stand up for themselves, they think they are just entitled to everything.
"Too expensive", "too complicated", "unfair", "too much trouble"... Please.
When it's time to upgrade the smartphone or to renew the subscription to Sky, suddenly there is no longer any problem.
So says a landlord!
I doubt you've never had to find money so don't know what it's like to not be able to pursue it though the legal process.
And you omitted bailiffs costs on top of that. Doesn't matter if the court award the amount to you, you've still got to get it.0 -
JencParker wrote: »And you omitted bailiffs costs on top of that. Doesn't matter if the court award the amount to you, you've still got to get it.
Oh, I'm sorry. Life is tough, isn't it?0 -
It is for some, obviously not landlords.0
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JencParker wrote: »Going to court costs money, bailiffs cost money - those who rent often don't have the spare cash to follow through with legal action.
Or the time ... or the bravery. If you're facing the prospect of having nowhere to live then your priority is finding housing, not fighting an agent through the courts. Equally, I've been in a situation where an agent has threatened to 'blacklist' myself and my partner with other local agents, all because we reported a landlord to Environmental Health and made a complaint to the Council's private tenancy officer. I won't stand for that kind of bull but I can imagine those kinds of threats will make a lot of people just walk away from their money, because their need for a home is greater than their desire for justice.0 -
Just do what I would do. Go in the office with a friend (6' male) and raise the roof. If they threaten to call police just say ''OK'' because you'll the tell the press. Get in there !!!!0
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jjlandlord wrote: »They got away with it because you let them.
We were young and perhaps naive. We truly believed they would keep us informed when other properties came up. But how exactly would we 'not let them get away with it'?0
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