Tenancy Deposit - Multiple breaches/claims

System

Annoyed_Barclays_Customer wrote: »

I have been looking through the forum, we are letting a house again and the estate agent now does not want to push a deposit, they will charge me £110 PLUS VAT if a tenant takes the property and they then transfer the deposit over to DPS, but, if the tenant pay the insurance policy of around £140 there is no physical deposit and no extra charge to me, the big thing that I absolutely detest is they are forcing you down the road of a financial product, the tenant looses the money at the end of the tenancy but if there is any dispute there is a high possibi lity of fees both the tenant and landlord have to pay for arbitration, unlike the deposit scheme where any disputes are not charged..... I am extremely uneasy about any scheme like this, I do understand that all the fees you have to find when you are looking to rent are quite high all in one go, but, any new financial product that leaves you wide open for possible costs at the end just seems grim.... any views?

You do not have to accept a 0 deposit scheme, insist the agent ask for a cash deposit and if they wont find an agent that will. remember you are the client.