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Custodial vs Insured Deposit Schemes

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Darryn Almeida
Darryn Almeida
11 Posts
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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

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