Just a quick note to say that the Government have announced that they plan to reduce the deposit that can be charged from the previously announced 6 weeks rent to just 5 weeks’ rent.

Time will tell what the effect of this will be but clearly there will be some affected. We say “some” will be affected as the average deposit is currently said to be between 4 and 5 weeks rent.

There is an exclusion if the rent is over £50,000 per annumn.