Data released by the Tenancy Deposit Service shows that the number of deposits protected has increased across the whole of the UK.
The information published in the latest statistical briefing by TDS shows that the number of deposits in England totalled 4,459,602, up by 5.12 per cent from the year before.
In Scotland, the March 2022 data shows 235,117 deposits protected. This figure is up by 6.1 per cent from the previous year.
In Northern Ireland, deposits numbers at the end of March were 67,197, a 5.15 per cent increase over 2021.
Steve Harriott, chief executive at TDS, comments: “This data shows the bounce back in the lettings market that happened from the spring of 2021 as we came out of lockdown. However, towards the end of the financial year the market tightened, so it will be interesting to see the data at the end of September 2022 to see if there has been a reversal of the upward trends.
“With around a five per cent increase in the numbers of deposits protected it shows the enduring attractiveness of a cash deposit to landlords.”
We're excited to announce that we're working on building a shiny new website for readers of Landlord Today! As part of this process, commenting on articles will be temporarily disabled. We look forward to sharing our new and improved Landlord Today website with you shortly!
The typical deposit a tenant has to pay when moving in...
The existing tenant deposit system is “broken” and in desperate need...
When renting out a property, most landlords or their letting agents...
The Deposit Protection Service (The DPS) is celebrating a decade of...
.png)
The UK property market is on the cusp of significant change...
Landlords, if you haven't heard of it until now, it's time...
(1).png)
As a seasoned landlord, you've likely witnessed the UK property market's...
Managing rental properties, whether you have a few or a dozen,...
Congratulations on taking the leap into becoming a landlord! Property investing...
Twenty twenty-four is a pivotal year for landlords in the Private...
There wasn’t much by way of good news in the Spring...
National Landlord Investment Show has announced that the former Leader of...
We are thrilled to report that the first National Landlord Investment...
Landlords play a crucial role in providing safe and comfortable housing...
.jpg)
Calling all landlords, Investors and property professionals: National Landlord Investment Show...
In the buy to let market, success goes beyond the transaction...
Mohammed Sharaz, a landlord from Bradford, recently seized an opportunity to...
We believe a well-functioning housing system is one that meets everyone’s...
If you are a landlord looking for the silver lining in...
This year is set to bring sweeping rental reforms that will...
Landlords are exiting the market in droves. According to an accountancy firm...
%20(002).png)
Newable Finance, the finance brokerage & advisory arm of Newable, launches...
Homes in the rental sector are more likely to have old...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you, and what does it say on...
