The Deposit Protection Service (DPS) has apparently paid back it's millionth deposit. Well congratulations to the tenant apparently located in the South East of England. Will they get a prize, a cake or perhaps one of those comedy cheques much beloved by the Pools companies back in the day.
Despite scepticism the protection of tenants deposits generally seems to work well unless there are complications. What tenancy doesn't have complications though.
The DPS currently protects 840,000 deposits amounting to £660 million.
Have a look a my recent tribulations with the DPS trying to pay my tenants back their tenancy deposit.
Generally despite the odd software dead end ….they ain't doing a half bad job.
Landlord insurance - 5 star insurance
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