Rented Housing: Deposits
(asked on 12th April 2024) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department has made recent progress on introducing a lifetime deposit for renters.
Answered by
Jacob Young
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
This question was answered on 18th April 2024
As set out in our 2022 White Paper ‘A Fairer Private Rented Sector’, the market has responded to the ambition of our manifesto commitment for a ‘lifetime deposit’.
We continue to monitor the development of commercial lifetime deposit solutions, alongside keeping deposit protection and the broader deposit market under review.