Yep – I stopped taking deposits a while ago!
And yep – we have issues with people under 25 – and you can blame the government for pulling the safety net.
Deposits can be useful if you are an entrepreneur investing in housing and renting out but is that really the way to go? What if your client tries to take advantage of that deposit? And there are times that you can't do anything about it because it's their money.
Plus, there are times that you will have interested clients that are under 25, and now, we don't take them anymore? Why? Blame the government and their law regarding housing benefits in which people under 25 can't claim.