The government is being urged to take action to clampdown on landlords that fail to protect tenants’ deposits in an approved scheme.
Recent research from comparethemarket.com suggested that around a third of landlords have not placed their tenant’s deposit into a government-backed deposit tenancy deposit protection scheme.
This equates to in the region of £1.2bn of deposits which could be unprotected, according to anti-deposit campaigner Ajay Jagota of Dlighted.
Jagota said: “This is literally a billion-pound scandal. The government must take action.