A senior Savills figure, who chairs the trade body known as The Lettings Industry Council, has issued a warning to the government not too further scare landlords away from the rentals sector.
Theresa Wallace - TLIC chair and head of Savills’ lettings customer service division - has responded to a Daily Telegraph story, based on a freedom of Information request, which has revealed that thousands of landlords have been hit with fines because they did not know their properties had to be licensed.
Wallace tells the paper: “We don’t have enough landlords and we have lost a lot of them from the sector. Scaring them out is not helping the industry. I don’t think the scheme is very well publicised. Why would anyone think to look on their local authority website? Anybody could be caught out by pure naivety.”