Deposit transfer help

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    Deposit transfer help

    My old letting agent originally held the deposit, however I moved my property to a new agent, the old agent subsequently sold there business to another firm, before transferring the deposit to the new letting agent.

    My new agent has tried several times to get the deposit transferred but to no avail, any help on how to proceed?

    There's a reasonable chance that the deposit is no longer protected, so you may (probably should) protect an equivalent amount so as to be legal.

    There's every chance the deposit isn't recoverable without a lot of effort.
    It's not your money, so it's hard to sue the letting agent who you believe has the money (but threatening that might be a start).
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).


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