Join the Residential Landlords Association

Custodial vs Insured Deposit Schemes

You are here : Member Forums Tenancy Deposits Custodial vs Insured Deposit Schemes
Darryn Almeida
Darryn Almeida
6 Posts
0 Thanks

Hi,

I was interested in knowing what the merits of an insured deposit scheme was vs a custodial one for smaller rental value properties i.e. in the region of £500 to £600 a month. Is this primarily so you could gain interest on deposits and/or utilise the cash elsewhere assuming you could manage cash flow in case of the need for a reimbursement? Given limited company account interest rates and the protection fee, this only seems to make sense for higher rental value properties i.e more than £1,500 a month per property?

Thanks.

15/06/2019 23:45

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

Landlord & Investment Show London Olympia 2019
Ideal Flatmate
99 Homes
John Pye Auctions