SafeDeposits Scotland Blog

First of all let us say Happy New Year to all of you who have used SafeDeposits Scotland over the last few months. We're now well and truly into 2013 and we'll soon be starting our training days and drop-in sessions for those who are looking for help and advice. Since the introduction of the Tenancy Deposit Schemes (Scotland) Regulations 2011, the law in Scotland has set out what landlords must do with any deposit they take for a tenancy, within certain guidelines. It is now, under law, the...Read More

There is now less than a month left until all eligible deposits in Scotland must be transferred to a tenancy deposit scheme. The transfer of deposits has been phased in since the launch of tenancy deposit schemes in Scotland last July - but by 15th May 2013 all eligible deposits must be transferred to an approved scheme. SafeDeposits Scotland, the leading tenancy deposit scheme provider in Scotland, and the Scottish Association of Landlords have joined together to urge landlords to...Read More

With just one week to go until the final deadline for all eligible deposits to be transferred to a tenancy deposit scheme, we asked one letting agent to tell us his experience of using SafeDeposits Scotland. Scott Weir is Managing Director at Homesure - a Ayr based letting agent, covering Ayrshire and Glasgow, with around 600 properties. He said: "Despite initial reservations about the tenancy deposit scheme coming into force, I have found it to be a refreshing experience that has...Read More

Over half of deposits for private tenancies in Scotland may not yet have been paid into a legally required tenancy deposit scheme - with just one day left until the final deadline to transfer deposits. Based on the latest Scottish Government figures, we estimate that there are up to 56% of tenancies eligible for taking a deposit where a deposit has not yet been paid into a scheme. According to the latest Scottish Government figures up to the end of March there are only 129,164 deposits...Read More