Our application to run a custodial tenancy deposit protection scheme in Scotland has entered public consultation; you can now view the terms and conditions of our scheme on the The Scottish Government website. The consultation is required by Part 4 of the Housing (Scotland) Act 2006 and will look at the proposed framework of our scheme to ensure it meets all the conditions set out in the Tenancy Deposit Schemes (Scotland) Regulations 2011.
As our operating company also runs the only custodial scheme in England and Wales (The DPS), our application to Scottish Government has benefited from this wealth of experience – we know the process inside and out. We’re experienced in fast deposit repayment, having returned over 900,000 since launch, we have extensive customer support channels online as well as an effective call centre and text messaging service and our adjudicators have resolved over 12,000 disputes quickly and efficiently. Everything we have developed over the last 5 years in England and Wales will be brought to The LPS Scotland service and whilst there are some differences between the Scottish legislation and that in place in England and Wales, we’re well placed to deliver the scheme north of the border.
The Scottish Government has already reviewed our proposed scheme, to ensure compliance with the regulations, and will now await further comment from the public consultation.
We’ll keep you updated with the consultation process, but in the meantime, if you’d like more information on The LPS Scotland you can read our overview brochure.
We’re also running a series of events in which we’ll give you a detailed introduction to the legislation, our scheme and the dispute resolution process. Our next events take place in Glasgow (14th December) and Aberdeen (10th January).
For more information, visit www.lettingprotectionscotland.com.