Tagged: redress scheme

Landlords affected by new Consumer Protection Rules

Landlords affected by new Consumer Protection Rules

As of today, 1st October 2014, the Consumer Protection (Amendment) Regulations come into force. Private rental agreements between landlords or agents and tenants will be subject to the new rules. Tenants may be entitled...




With redress scheme deadline looming agents act to comply

With redress scheme deadline looming agents act to comply

The deadline for letting agents to sign up to an approved redress scheme is October 1. With fines of up to £5,000 for non-compliance, signs are that letting agents are signing up to one...




Official code on lettings published

Official code on lettings published

Endorsed and commissioned by the UK Government, a new code has been published for the private rented sector. While parts of the code relate to mandatory legislation, most of the code sets out a...




Government confirms redress scheme starts October 1

Government confirms redress scheme starts October 1

The Department of Communities and Local Government has confirmed that the lettings sector’s compulsory redress scheme will begin on October 1. Under the scheme any lettings agency in England found not to be in...




Landlords unaware of agents’ professional credentials

Landlords unaware of agents’ professional credentials

The latest annual survey from the Property Academy shows that 55 per cent of landlords who use letting agencies are unaware if their agents belong to any professional body. The same survey also highlighted...




34% rise in tenancy deposits since launch of deposit protection scheme

34% rise in tenancy deposits since launch of deposit protection scheme

Figures recently released by my|deposits show that the average deposit in England and Wales has increased by 34% since the launch of tenancy deposit protection in 2007. The region with the most expensive average...




Ban bad landlords says MPs

Ban bad landlords says MPs

An all-party parliamentary group of MPs has said that bad landlords should be subject to a nationwide ban. In addition, the group said that the introduction of a national landlord register should also be...




Deposit protection loophole being exploited by unscrupulous landlords

Deposit protection loophole being exploited by unscrupulous landlords

Government regulations dictate that members of deposit protection schemes should be expelled should they break the rules of such schemes. Unscrupulous landlords operating under the insurance based variants are intentionally being expelled so that...




Shelter ‘playing to people’s fears’

Shelter ‘playing to people’s fears’

The Residential Landlords Association has recently accused Shelter of ‘playing to people’s fears’  and warned that public policy must not be based on the opinions of problems which could be distorted. Rather than playing to...




PRS to come under the spotlight in Scotland

PRS to come under the spotlight in Scotland

Tomorrow the future of Scotland’s private rented sector will come under the spotlight  as politicians, key stakeholders, academics and housing sector representatives gather in Edinburgh. Key topics will include how to create a more...