Research shows hundreds of thousands of UK landlords are not protecting tenant deposits

Some 284,000 residential landlords in the UK have failed to protect renters’ deposits despite the fact that it is a legal requirement to do so, new research has found. A report from the Centre for Economics and Business Research (Cebr) for financial comparison website money.co.uk says that these landlords are sitting on £514 million of deposits that should be protected by an official third party service. With 4.6 million households privately rented and the average protected deposit at £1,040...