HMRC has launched a pilot for the proposed Making Tax Digital service for quarterly reporting - and agents can sign up...
Archive
26 April 2024
From: Breaking News
![Looking for a client account? Five steps to better lettings banking](/upload/images/adv-2021/sponsored-content/PayProp/Letting%20agent%20today_640x460px.jpg)
You don’t have to simply accept things as they are when it comes to managing your client accounts. If your bank...
19 April 2024
From: Sponsored Content
![Banks Closing Pooled Client Accounts - agents urge government action](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyNews-400x310.png)
Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...
13 March 2024
From: Breaking News
![New Banking Scandal as thousands of agency accounts are closed](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyNews3-400x310.png)
A Parliamentary committee has heard that thousands of small and medium-sized letting agencies were debanked in 2023, with financial institutions forcibly...
11 March 2024
From: Breaking News
![Fixflo parent firm links with automated client accounting engine](/upload/images/Shutterstock-only%20images/Rental%20Market/RentOnlineSearch-400x310.png)
Aereon - a European software provider that owns high profile PropTech operator Fixflo - has entered a strategic partnership with automated...
23 January 2024
From: Breaking News
![Faster payments make happier landlords](/upload/images/640X460_Lettingagenttoday-jpg.jpg)
Let's be honest – landlords are the lifeblood of any letting agency. Winning and keeping their business keeps the wheels turning...
19 January 2024
From: Sponsored Content
![Neil Cobbold, Managing Director at PayProp UK](/upload/images/400x310.png)
Who are you and what does it say on your business card? Neil Cobbold, Managing Director What is PayProp and what does it...
08 January 2024
From: 60 Second Interview
![Client money accounting made easy with PayProp](/upload/images/adv-2021/sponsored-content/PayProp_SC_Oct23.png)
A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...
26 October 2023
From: Sponsored Content
![PropTech service claims to solve client account issues](/upload/images/Shutterstock-only%20images/PropTech/PropTech2-400x310.png)
PropTech supplier Lettspay has launched a new client account banking service for letting agents and property managers in partnership with Griffin...
25 October 2023
From: Breaking News
![Government may change rules governing Pooled Client Accounts](/upload/images/Legal%20advice(3).jpg)
A government minister has pledged to act on the threat to lettings agents posed by banks acting against pooled client accounts. Many...
20 October 2023
From: Breaking News
![Pooled Client Accounts - Government admits problem with banks](/upload/images/Shutterstock-only%20images/Property%20Market/House_pound-400x310.png)
It looks as if the government is accepting that there is a problem with how banks treat Pooled Client Accounts -...
09 October 2023
From: Breaking News
![“Heavy Handed Banks” slammed for pooled client account crisis](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyStats-400x310.png)
Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...
28 September 2023
From: Breaking News
![PropTech: Client accounting product launched for letting agents](/upload/images/Shutterstock-only%20images/PropTech/PropTech2-400x310.png)
Automated client accounting platform Lettspay is set to launch a new client account banking product for letting agents. The supplier has worked...
19 September 2023
From: Breaking News
![Client Account Closures - another lettings body demands action](/upload/images/Shutterstock-only%20images/Rental%20Market/ToLetBoard-400x310.png)
A second lettings sector body is demanding government action over the problem of client account closures. Accreditation service Safeagent says the government...
09 August 2023
From: Breaking News
![Client Account Closures - Chancellor urged to stop banking madness](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyNews-400x310.png)
The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...
08 August 2023
From: Breaking News
![Renters Reform Bill is chance to professionalise sector - PropTech chief](/upload/images/Shutterstock-only%20images/Rental%20Market/AgentHouseInHand_400x310.png)
The Renters Reform Bill can be the perfect opportunity for the industry to become more professional - just so long as...
13 June 2023
From: Breaking News
![Key reasons why agents use IT revealed by PropTech survey](/upload/images/Shutterstock-only%20images/PropTech/Software-400x310.png)
A new survey reveals that the safety of client funds is one of the key reasons why letting agents look to...
08 June 2023
From: Breaking News
![PropTech may help agents overcome client account crisis - claim](/upload/images/Shutterstock-only%20images/PropTech/PropTech2-400x310.png)
The Guild of Property Professionals says PropTech may be the answer to the ongoing problem with client accounts. Since 2019 many banks...
28 April 2023
From: Breaking News
![5 regular checks to keep any rental portfolio in tip-top shape](/upload/images/adv-2021/sponsored-content/PayProp/rental-portfolio-maintenance%20(1).jpeg)
Any lettings portfolio should receive ongoing care and maintenance. A disorganised portfolio, weighed down by junk data, loose ends or lax...
24 April 2023
From: Sponsored Content
![Pooled Client Accounts - banks accused of making mistakes](/upload/images/Shutterstock-only%20images/Property%20Market/BankofEngland_2-400x310.png)
Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents. The trade body...
12 January 2023
From: Breaking News
![Automated client account platform to supply agents’ trade group](/upload/images/Shutterstock-only%20images/PropTech/BroadbandConnection-400x310.png)
Automated client account platform Lettspay is to become a supplier to the Federation of Independent Agents. Lettspay, which is registered with the...
12 January 2023
From: Breaking News
![Banks are closing their doors to Letting Agents](/upload/images/Back-link-images/banks%20are%20closing%20their%20doors%20to%20letting%20agents.jpg)
UK banks are closing client accounts held by established letting agents and refusing to open accounts for new businesses. The Problem A growing...
19 December 2022
From: Sponsored Content
Goodlord is spreading its PropTech offering into accountancy. It’s launched a new accounting tool which it claims will save some letting agents...
11 October 2022
From: Breaking News
![The insider threat – 5 ways PayProp secures your letting agency](/upload/images/adv-2021/sponsored-content/PayProp/PayProp_Sc_360x280.png)
According to the Association of Certified Fraud Examiners, organisations worldwide lose $4.7 trillion to fraud each year, with real estate suffering...
30 September 2022
From: Sponsored Content
![Agencies have six months left to register banking complaints](/upload/images/Housing%20Market%20%26%20Property%20Images/360x280%20Bank%20Sponsored%20Content%20September.jpg)
Many agencies have long-standing and unresolved banking complaints, for example regarding client accounts: now it’s been declared they have only six...
12 August 2022
From: Breaking News
![Warning to Agents: don’t forget to deregister tenant deposits](/upload/images/Rental%20Market/TenancyDeposit-400x310.png)
Propertymark says letting agents should be aware of the financial implications of failing to deregister tenant deposits. This kind of failure after...
26 July 2022
From: Breaking News
![OnTheMarket’s teclet reveals latest integration with PropTech supplier](/upload/images/PropTech%20%26%20Online/3dhousepic.jpg)
Automated lettings and management platform teclet - which is owned by OnTheMarket - has completed another integration with a PropTech supplier. This...
11 July 2022
From: Breaking News
![Clifford Thomas – Sales Director at The Letting Partnership](/upload/images/adv-2021/60-second-interview/The%20Letting%20Partnership/Cliff%20Thomas%202022%20450x350px%20(scales%20to%2090x70).jpg)
Who are you and what does it say on your business card? Clifford Thomas – Sales Director at The Letting Partnership What is...
06 May 2022
From: 60 Second Interview
![Shock figures on banks’ client accounts services to agencies](/upload/images/Housing%20Market%20%26%20Property%20Images/UK-Cash-20-400x310.jpg)
Shocking figures have emerged regarding the long-running problems caused by banks demanding that agencies have a designated client account for each...
06 May 2022
From: Breaking News
![Supplier claims to conquer banks’ designated accounts problem](/upload/images/PropTech%20%26%20Online/OnlineProperty2-400x310.jpg)
A PropTech supplier says it’s created a solution to letting agents and landlords who must remain compliant and who want to...
28 April 2022
From: Breaking News
![PropTech pledge to agents - this platform is the alternative to a bank](/upload/images/PropTech%20%26%20Online/Digital-Online-400x310.jpg)
LettsPay, an automated service aiming to simplify the reconciling of tenant rental payments, has won investment from the nurtur.group - the...
21 April 2022
From: Breaking News
![Sarah Davies, Commercial Director at The Letting Partnership](/upload/images/adv-2021/60-second-interview/The%20Letting%20Partnership/400_310.jpg)
Who are you and what does it say on your business card? Sarah Davies, Commercial Director at The Letting Partnership What is The...
21 March 2022
From: 60 Second Interview
![Agents - are you having problems with banks and client accounts?](/upload/images/Rental%20Market/Millennial-PayingCard-400x310.jpg)
PropTech supplier Agent OS is running a survey of letting agents about the vexed subject of specialist client accounts. AgentOS says it’s...
07 March 2022
From: Breaking News
![Dispelling the myths of client accounting outsourcing.](/upload/images/Logos/Hello-TLP-360_280.jpg)
The rental market shows no signs of slowing with ongoing high demand, fuelled in part by the pandemic, creating a buoyant...
01 March 2022
From: Sponsored Content
![Client Money Protection bank deadline nears, agents warned](/img/default/lat.png)
Letting agents have only 10 days to open segregated client accounts or they could face being expelled by their client money...
22 March 2021
From: Breaking News
![Lettings employers urged to take on more apprentices](/img/default/lat.png)
Industry supplier The Letting Partnership is calling for businesses to take on more apprentices and support young people in a challenging...
04 December 2020
From: Breaking News
![Agencies should review banking and payments - PropTech chief](/img/default/lat.png)
Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...
20 November 2020
From: Breaking News
![How to stay on top of arrears during a global pandemic](/img/default/lat.png)
Many have speculated, though much of it is anecdotal – how is the UK rental market coping with the fallout from...
08 October 2020
From: Sponsored Content
![Banks Red Tape: Breakthrough for agents on Pooled Client Accounts](/img/default/lat.png)
ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...
10 September 2020
From: Breaking News
![Anti-Money Laundering: ARLA worry over agents’ responsibilities](/img/default/lat.png)
ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...
16 June 2020
From: Breaking News
![Filing business accounts on time is key even through crisis, says ARLA](/img/default/lat.png)
The Association of Residential Letting Agents is advising member companies to file their accounts on time in order to remain transparent...
03 April 2020
From: Breaking News
![Professional client account solutions for modern letting agents](/img/default/lat.png)
Professional client account solutions for modern letting agents Letting agents will need to come up with new ways to manage client money...
05 September 2019
From: Sponsored Content
![Bank client account changes: Agents urged to have a Plan B](/img/default/lat.png)
A leading industry figure is calling on agents to have a Plan B ready if their bank closes undesignated client accounts. This...
21 August 2019
From: Breaking News
![Crisis for agents as banks set to insist on individual client accounts](/img/default/lat.png)
Lloyds Bank appears to have contacted at least some of its letting agent clients to say that it is closing all...
08 August 2019
From: Breaking News
![New Client Money Protection service launched for managing agents](/img/default/lat.png)
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...
18 October 2018
From: Breaking News
![Agent expelled from RICS after £25,000 taken from clients' accounts](/img/default/lat.png)
The head of an estate and lettings agency has been expelled from the Royal Institution of Chartered Surveyors after admitting taking...
12 September 2017
From: Breaking News
![Anti-deposit campaigner warns of Client Money Protection side-effect](/img/default/lat.png)
A leading letting agent campaigning against rental sector deposits is warning that the industry might be hit with “astronominal” insurance premiums...