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Flat fell through, estate agent have my deposit - can i charge interest?

tnfjackson · 2017-11-22 12:47:40

Hi, Couldn't quite see a thread on this but apologies if it's in there somewhere! I put down a holding deposit on 13th Nov for a flat I planned to rent. The landlord agreed with the offered rent payment and we were progressing with the credit checks etc. but then, on 16th Nov, the landlord changed his mind and decided he…

Comments

ACG Posts: 25,058 Forumite

22 November 2017 at 5:15PM

You can take it to court and actually charge 8% interest - forget what everyone else is saying. However, you have to have asked for it back, sent a letter before action given them 7 days and then pay about £50 to take it to small claims court (which can be added to your claim).

Whether or not you would win is another matter.

My argument if I were the agent would be that it presumably says refunds can take up to 7 (working days if that is the case) and/or that they never signed in the agreement they would pay you interest.

People are unhappy with things all the time, for something like this it is not really worth pursuing.

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.
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