Government clarifies deposit rules under Renters’ Rights Act

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Government clarifies deposit rules under Renters’ Rights Act

The government has published new guidance on deposits when giving notice to tenants.

The latest clarification comes as the Renters’ Rights Act comes into force on 1 May 2026.

The government says landlords must place a tenant’s deposit in a government-approved tenancy deposit scheme such as the Deposit Protection Service (DPS), MyDeposits or the Tenancy Deposit Scheme (TDS).

Landlords must show tenant’s deposit was protected

Under its clarification, the government says that to use most possession grounds landlords must show that the tenant’s deposit was protected in a government-approved scheme and that they complied with the scheme’s requirements when the deposit was received.

They must also have provided the tenant with the required information about the deposit protection scheme, known as “prescribed information”.

The guidance adds that a court will only grant landlords a possession order to evict a tenant if deposit requirements have been met.

Landlords must have placed the deposit in a government-approved tenancy deposit scheme, complied with the scheme’s requirements and given the tenant the correct information.

A possession order can also be granted if the landlord has returned the deposit to the tenant, either in full or with any deductions agreed with the tenant. It may also proceed if the tenant challenged the landlord through the court over whether deposit protection requirements were met and the case has since been decided, settled or withdrawn.

However, these rules do not apply to grounds 7A or 14 for antisocial behaviour.

More information on the clarifications can be viewed here.

What details must be included in tenancy agreements

The news comes as the government announced last month what details must be included in tenancy agreements.

The information could be subject to change, with the final version expected in March, but is unlikely to change much before the Renters’ Rights Act comes into force on 1 May.

The government has also confirmed that existing tenancies already in writing will not need to provide a new tenancy agreement, but will be expected to provide a separate information sheet to tenants outlining the changes in the Act or face fines.

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BTL tracker launches and rate cuts boost lending competition

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Property118

BTL tracker launches and rate cuts boost lending competition

Landbay has expanded its buy to let (BTL) range with the launch of new tracker and fixed products, as lenders continue repricing in response to interest rate expectations.

The lender has introduced two two-year trackers alongside two zero fee five-year fixed deals within its Premier range, which is aimed at landlords holding up to 15 properties.

The products are open to both individual and limited company borrowers and sit among the firm’s core standard offerings.

Both tracker options are available up to 75% LTV and come without early repayment charges.

A two-year tracker for purchases and remortgages, plus a like-for-like remortgage product, are priced at Bank Base Rate plus 0.34%, currently 4.09%, with 3% fees attached.

Landlords expecting rate cuts

Landbay said the trackers are likely to appeal to borrowers anticipating further reductions in the base rate.

Alongside the trackers, the lender has rolled out two five-year fixed products with no upfront fees.

A 5.09% option is available for purchases and remortgages, while a remortgage-only alternative is priced at 5.14% and includes a free valuation.

Landbay’s sales and distribution director, Rob Stanton, said: “Our new two-year trackers are designed for landlords who want to see the full benefit of any base rate cuts if or when they happen.

“With no early repayment charges, they also give advisers and their clients flexibility to move to a fix if the rate outlook changes.”

Kensington eKo mortgage rate

Kensington Mortgages has reduced pricing across its eKo mortgage line while also cutting selected buy to let rates.

The lender has withdrawn its £500 cashback incentive and replaced it with lower headline pricing on chosen products.

Its refreshed eKo range is available up to 75% LTV and includes free valuations.

Two-year fixed options now start at 4.74% with a £1,499 fee, 4.51% with a £4,000 fee, 3.69% with a 3% fee and 5.18% with no fee.

Precise lowers bridging rates

Meanwhile, Precise has implemented a 5 bps reduction across its regulated bridging suite.

The changes apply to standard bridging loans as well as light and heavy refurbishment products, with rates now starting from 0.57%.

The lender says the move forms part of a broader repricing exercise across short-term funding lines.

For assistance with any type of buy to let (BTL), property or commercial finance, please complete the contact form below:

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