Unclaimed Tenancy Deposits in England and Wales May Reach £750 Million
UKPulse Property Desk
New analysis suggests that an estimated £750 million in unclaimed tenancy deposits could be dormant within the deposit protection system in England and Wales.
- An estimated £750 million in unclaimed tenancy deposits may be dormant in England and Wales.
- The government is currently reviewing tenancy deposit protection frameworks.
- There are calls for increased transparency, similar to Scotland's approach.
An estimated £750 million in unclaimed tenancy deposits may be held within England and Wales' deposit protection system, according to recent analysis. This figure has emerged as the government undertakes a review of tenancy deposit protection frameworks.
There are calls for greater transparency within the system, drawing comparisons to the approach taken in Scotland.