Schemes news: Deposit scheme attracts agents
A tenancy deposit scheme backed by brokers Hamilton Fraser Insurance Services has seen a sharp increase in the number of protections taken out by letting agents.
Agents purchased 65% more deposit protections from mydeposits.co.uk in 2010 compared with 2009. Each agent purchased an average 46.3 protections last year, compared to an average 28.2 protections in 2007 when mydeposits launched. Individual landlords have taken out nearly half of protections during that time at 49%.
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