http://buytoletguru.com/2010/04/07/understanding-landlords%e2%80%99-tenancy-deposit-protection-schemes/?utm_source=rss&utm_medium=rss&utm_campaign=understanding-landlords%25e2%2580%2599-tenancy-deposit-protection-schemes A free guide to making money from buy to let property investing. This covers buy to let mortgages, understanding rental yield and everything else that a beginner needs to know about residential property investing. Tue, 06 Jul 2010 13:18:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://buytoletguru.com/2010/04/07/understanding-landlords%e2%80%99-tenancy-deposit-protection-schemes/#comment-80 admin Thu, 22 Apr 2010 17:19:35 +0000 http://buytoletguru.com/?p=101#comment-80 Hi Carley Thanks for your kind words. It does seem that indeed the rules will be applied retrospectively. I know that it is a real bummer that they've done it this way since a lot of people were getting along just fine under the old rules, but it seems that even if you have been holding a deposit for a couple of years if it now qualifies under the new plan then you have to go out and either insure it or or put into a deposit scheme. Hi Carley
Thanks for your kind words. It does seem that indeed the rules will be applied retrospectively. I know that it is a real bummer that they’ve done it this way since a lot of people were getting along just fine under the old rules, but it seems that even if you have been holding a deposit for a couple of years if it now qualifies under the new plan then you have to go out and either insure it or or put into a deposit scheme.

]]> http://buytoletguru.com/2010/04/07/understanding-landlords%e2%80%99-tenancy-deposit-protection-schemes/#comment-79 Carley Rosenfeldt Thu, 22 Apr 2010 16:53:23 +0000 http://buytoletguru.com/?p=101#comment-79 Great info! My question though is whether the new extension to the tenancy deposit scheme also applies to people who have already been signed up on a contract under the old rules. In other words if I've already got someone in my flat paying more than £25,000 a year do I have to go and put their deposit into the plan when the new rules kick in? Thanks again Great info! My question though is whether the new extension to the tenancy deposit scheme also applies to people who have already been signed up on a contract under the old rules. In other words if I’ve already got someone in my flat paying more than £25,000 a year do I have to go and put their deposit into the plan when the new rules kick in?
Thanks again

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