Thursday, Jul 03, 2008
Bloodsuckers!
24dash: Private landlords 'defying tenant deposit protection laws'
Nearly two thirds of private landlords are breaking the law by failing to properly protect their tenants’ deposits, new research has revealed.
You've got ask yourself....how many cash strapped or bankcrupt BTLers will simply run off with the money?
Posted by rental john @ 03:34 PM (273 views) Add Comment
4 Comments
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1. paul said...
"how many cash strapped or bankcrupt BTLers will simply run off with the money?"
If they do, they'll have the double whammy of a CCJ (which means they won't get another mortgage for at least 7 years) and the bailiffs will come round to get three times the desposit back from them, by walking off with whatever they can find.
Not nice.
2. jonb said...
If they are already facing reposession of their buy to let property, then this CCJ isn't going to make things any worse for them.
3. paul said...
Yes, but defaulting on a CCJ is essentially a criminal offence. If they have no assets, or the bailiffs can't trace them, they effectively become fugitives.
4. Stevie Dee said...
No surprise... a website called Gumtree promotes all these dodgy landlords.. Adds a whole new meaning to the term "Up a Gumtree".