View Full Version : The loss of a small revenue due to the new TDS...

24-05-2007, 11:12 AM
I am new to the lettings business so forgive me and I also realise this site is aimed at Landlords rather then Letting agents. But with the new tenancy deposit schemes, as an agent in the making, I have noticed when speaking to other agents that they used to get a small income stream, a perk shall we say, for holding deposits in their own customer (bank) accounts, therefore earning interest on the money they hold. However with the new scheme the companies that now deal with tenancy deposists hold the money, and charge for it in the subscription sense, therefore agents losing this small perk. Has anyone an opinion on this..?

24-05-2007, 11:29 AM
They use the insurance scheme which allows the LA to hold the deposit.