Archive

Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...

A Parliamentary committee has heard that thousands of small and medium-sized letting agencies were debanked in 2023, with financial institutions forcibly...

A prominent industry expert says lettings agents and other property sector insiders should be extra-vigilant over cybersecurity breaches. Neil Cobbold, managing director...

The benefits for letting agents to outsource their client accounting is well documented, however with an increasing number of options available,...

Labour is using a Bill currently going through Parliament as a backdoor method to introduce the regulation of lettings, estate and...

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

PropTech supplier Lettspay has launched a new client account banking service for letting agents and property managers in partnership with Griffin...

Trade body Propertymark says fees will remain unchanged next year.  “We’d like to thank all our members for their continued commitment to...

Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...

Automated client accounting platform Lettspay is set to launch a new client account banking product for letting agents. The supplier has worked...

The UK Association of Letting Agents says it now has a record membership of 1,200. UKALA describes itself as “a professional association...

The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...

We compare traditional methods of client money account inspections by an accountant to the alternative Client Money HealthCheck. But first, let’s clarify...

Six letting agencies across the London borough of Haringey have been fined a total of £12,000 after a council clampdown. Trading Standards...

The Guild of Property Professionals says PropTech may be the answer to the ongoing problem with client accounts. Since 2019 many banks...

Trading Standards is reminding letting agents of their legal obligation to protect money they are holding on behalf of a client...

The law is clear – agencies in England, Scotland and Wales need a valid client money protection (CMP) policy to protect...

Trading Standards officers check for agents’ compliance by scrutinising their websites, it’s being claimed. Agents are being warned to ensure their websites...

A PropTech expert is warning that letting agents can expect hefty fines if they fail to comply with complex Client Money...

We’re only in February and it’s already clear that this year will set the future direction of the private rented sector...

Property accreditation service safeagent has written to all of its agents in England urging them to check legal requirements when setting...

Propertymark auditors are offering in-person visits to branches to improve their compliance.  The trade body says this is in response to demand from...

UK banks are closing client accounts held by established letting agents and refusing to open accounts for new businesses. The Problem A growing...

Trading Standards is describing a penalty imposed on a London letting agent as “a landmark” after the company failed to comply...

An accreditation scheme says the government database of rogue letting agents should be expanded.  The government is committed to creating a new Property...

Fourteen Trading Standards authorities across a swathe of England are embarking on an enforcement project to check lettings agency compliance.  The Central England...

Shocking figures have emerged regarding the long-running problems caused by banks demanding that agencies have a designated client account for each...

A PropTech supplier says it’s created a solution to letting agents and landlords who must remain compliant and who want to...

LettsPay, an automated service aiming to simplify the reconciling of tenant rental payments, has won investment from the nurtur.group - the...

A Trading Standards team is to carry out what it calls “unannounced inspections” of lettings agencies in one part of London...

How can agents improve their position in society? A report has been published following a roundtable discussion between prominent agency figures...

Effective enforcement is crucial to stamp out rogue lettings agents and protect consumers says safeagent. In the latest edition of its Effective...

During the last year, the industry has experienced a rollercoaster of highs and lows as agents experienced rental peaks, stock shortages,...

The UK Association of Letting Agents - a trade body rival to ARLA Propertymark - says it’s seen “a robust membership...

A rival trade body to the Association of Residential Letting Agents has announced what it calls “a robust membership result.” The UK...

Letting agents have only 10 days to open segregated client accounts or they could face being expelled by their client money...

A lettings agency in central London has been issued with a fine for not belonging to a Client Money Protection scheme. The...

One of the lettings industry’s most prominent suppliers says it’s dispelled five myths surrounding the employment of apprentices.  The Letting Partnership insists apprentices...

A huge trading standards operation clamping down on lettings agents who fail to abide by Client Money Protection rules has been...

A clampdown on letting agents who fail to safeguard landlords’ and tenants’ money is now underway.  A statement from the National Trading Standards...

The National Trading Standards Estate and Letting Agents Team is appealing to the industry to be eagle-eyed for scams. This follows the...

Letting agents should stand proud of their record helping both landlords and tenants, especially in these more difficult times. That’s the view...

One of the government’s approved client money protection schemes claims over 10 lettings agencies a week are closing. Client Money Protect makes the...

Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...

ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...

ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...

The Association of Residential Letting Agents is advising member companies to file their accounts on time in order to remain transparent...

A former letting agent has been censured over the handling of tenancy deposits following an investigation by a local council. Andrew Rhys...

Martin & Co says it has compensated clients fully after a rogue lettings agent in Cornwall added sums to invoices sent...

The Property Ombudsman has expelled three lettings agencies from its scheme because of unpaid awards to landlord clients. The first is Kingsman...

A call has been made for the best letting agencies and other rental sector professionals to show how they comply with...

A crackdown on letting agency websites by a Trading Standards team has found the significant majority of them to be breaking...

An estimated 20 per cent of letting agents have still not signed up for a Client Money Protection scheme, six months...

A lettings agent says she has just spent three months trying to get evidence of her Client Money Protection policy -...

A leading industry figure is calling on agents to have a Plan B ready if their bank closes undesignated client accounts.  This...

The government has published proposals for far-reaching changes to the way estate and letting agents are regulated, trained and licensed. The proposals...

Two landlords will this evening be seen securing the £16,000 they are owed by a rogue lettings agent - and TV...

Seven agencies have been expelled from membership of The Property Ombudsman after failing to pay compensation awards made by TPO. All are...

The National Approved Letting Scheme has rebranded as safeagent.  NALS has helped coordinate the safeagent campaign since 2011, focussing during that time...

A housing minister has pledged that more key reforms for the private rental sector will be revealed soon, despite Brexit political...

The mandatory Client Money Protection scheme membership that comes into effect today will protect landlords and tenants from letting agents that...

The government says it is still considering applications to operate Client Money Protection schemes from April, despite approving five schemes so...

Propertymark’s Money Shield service and the National Approved Letting Scheme have each received government approval to operate Client Money Protection schemes. From...

Another client money protection scheme has been given approval to launch itself before regulations go live on April 1.  From that date...

Client Money Protect has gained formal government approval to operate a client money protection scheme when the regulations go live on...

A letting agent in east London has been fined £4,000 after apparently publishing the incorrect fees that it levies on tenants...

New rules to protect rent paid by tenants to letting agents will fail to provide adequate protection for landlords, a trade...

The Association of Residential Managing Agents has launched a first-of-its-kind Client Money Protection to members.  Although CMP schemes are to be mandatory...

Trading Standards departments in London are asking renters to name and shame letting agents who are not complying with the law...

The parent company of The Property Redress Scheme (PRS) says its group companies will be taking a more 'joined up' approach...

Propertymark has launched a new Client Money Protection system, Money Shield, with a support statement from much of the lettings sector...

The government has produced new guidelines on setting up client money protection schemes for the private rented sector. They are evidently aimed...

A leading PropTech entrepreneur has renewed his call for letting agents to use more technology to clean up their act when...

Today Trading Standards teams across the country will highlight the work they do to protect landlords and tenants from rogue letting...

Consumers' money remains at risk until April 1 2019 is the key message of this year’s SAFEagent Awareness Week. Over the next...

A leading PropTech entrepreneur says he welcomes reforms currently moving through Parliament to professionalise the lettings sector - but he wants...

The government has confirmed that all property agents in England will need to be part of an approved Client Money Protection...

Ian Wilson, chief executive of The Property Franchise Group, says new rules for regulating the lettings sector will probably be clumsily...

The Property Ombudsman is the latest property industry player to throw its support behind the introduction of mandatory qualifications and a...

The government has this morning - Easter Sunday - announced a crackdown on rogue letting agents in the shape of a...

One of the client money protection schemes operating in the lettings sector says he believes agents and property managers could be...

Three one-day courses are being held this year - the first next week - aimed at updating letting agents on changes...

The man behind a leading lettings industry PropTech company says the new Code of Conduct to clean up the rental sector...

The Association of Residential Letting Agents has described the introduction of a code of conduct and official register for letting agents...

The code sets out the standards to be met by anyone engaged in lettings including specific requirements around how clients’ money...

The UK Association of Letting Agents has launched a deal with insurance firm Let Alliance to allow total loss client money...

ARLA and NAEA Propertymark have introduced a raft of deals in a bid to save agents money.  Membership subscription fees will remain...

The Association of Residential Letting Agents has come out against a single government-administered system for Client Money Protection in the private...

David Cox, the chief executive of ARLA Propertymark, has joined the board of the Tenancy Deposit Scheme as a non-executive director. Cox,...

Mandatory Client Money Protection for lettings agents - currently the subject of a formal government consultation - will contribute towards making...

Agency groups have spoken in favour of the government’s call for letting agents to be trained as a mandatory part of...

Letting agents and landlords are being urged by a trade body to sign a petition calling on the government to make...

Trade organisatons have reacted predictably to the government’s latest announcements and publications concerning the private rental sector. Yesterday the Department of Communities...

The government has announced that all letting agents will be required to “satisfy minimum training requirements” in order to trade. The provision...

Kitemark-style scheme SAFEagent is calling on the government to ensure plans to make Client Money Protection schemes mandatory are not ignored...

Industry figures have broadly welcomed the latest consultations and proposed additional regulation for the lettings sector, announced by the government yesterday.   The...

The Association of Residential Letting Agents has issued a 10 point guide for tenants - with the emphasis very much on...

A head of a company providing hi-tech products to letting agents says technology is the answer to current rental industry challenges,...

The boss of 300 branch agency Belvoir has called on the government to appoint a cross-party housing tsar to work with...

This week, thousands of letting agents will be taking part in SAFEagent Awareness Week 2017. Agents taking part in the event –...