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Landlords tell of distress over thousands owed by agency

Two landlords have spoken out about their losses and treatment from a lettings agency which has collapsed.

Last month we reported that the Homepoint agency - with branches in Wolverhampton, Stourbridge, Walsall and Birmingham - owed £118,145 to tenants who lodged deposits with the company and £459,553 in rent collected from tenants but not passed to landlords.

A letter to creditors sent at the time by insolvency consultancy Moore says that Homepoint, run by Ajit Singh Pooni, owed money to 328 creditors including a large number of tenants who had submitted deposits for properties they were renting. 


Now two landlords have spoken with Midlands newspaper the Express & Star - which broke the original story - who claim they are also owed money, but were not informed about Homepoint's demise and are not included on a list of creditors.

Sucha Singh Bhatti, who owns a house converted into three flats in Wolverhampton, says he is owed £2,000 in rent. 

"I'm not a wealthy man, I'm 70 years old, I only bought the properties because my pension wasn't very good, and I thought it would help fund my retirement” he tells the paper.

Linga Green, who owns rental properties in Brierley Hill and Lye, says she is owed £2,500 in unpaid rent.

Major creditors previously identified include HM Revenue & Customs which is owed £72,078 in unpaid VAT, and Lloyds Bank which is owed £160,347, including a £50,000 loan through the government’s Bounce Back scheme. 

Dudley council's trading standards department is investigating the collapse of the company.

You can see the full Express & Star story here.

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