Letting agents steal over £1m in tenants’ deposits, claims BBC probe

Letting agents raided over £1m last year in tenants’ deposits, a BBC investigation has alleged.

BBC Inside Out South West spoke to nine tenants in its area, plus seven landlords, who are collectively owed almost £35,000 by agents.

According to the investigation, 14 letting agents were convicted of stealing £1,018,100 in deposits last year.

The claim seems to echo a press release from last October when north east letting agent Ajay Jagota claimed that 14 rogue letting agents had been convicted of stealing over £1m worth of tenancy deposits so far in 2016.

Tory MP Oliver Colvile, who represents Plymouth, Sutton and Devenport, and who has campaigned for tenants’ rights, told the BBC: “I think this is appalling and clearly there needs some action to be taken on all of this.”

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Written by: Houseladder