From 1st April 2019 letting agents in England will be required by law to belong to an approved client money protection scheme to protect landlord and tenant money.
The deluge of changes faced by letting agents requires them to take a step back, reevaluate their business plans and evolve. Sounds straightforward in principle, but how easy is it to put this advice into practice?
Partner of the Property Redress Scheme, Client Money Protect, has gained formal government approval to operate a client money protection scheme when the regulations go live on April 1st 2019.
With the market facing so many changes in a short space of time, letting agents could be forgiven for feeling a little apprehensive about their 2019 prospects in an already volatile market. We spoke to one independent estate agent, about the upcoming changes and what they mean for his business.
Yesterday, the fate of existing redress organisations, including The Property Redress Scheme (PRS), was decided when the Government announced their decision on the proposed reform.
It’s safe to say that 2018 has presented yet more challenges for the private rented sector and with further change on the horizon it is important that agents prepare for what’s ahead in 2019 to ensure they remain competitive and compliant.
These are turbulent times for letting agents; traditional operators face multiple challenges associated with a chaotic housing market, increased legislation and growing online competition. Paul Shamplina, Director at Hamilton Fraser and founder of Landlord Action, has provided some tips for letting agents looking to succeed in today’s challenging climate and explored how they can attract new landlords and retain existing landlords.
Head of Redress, Sean Hooker gives his opinions on the political party conference season and how this year's announcements may influence the property sector in the future.
When tenancies go wrong the agent is most likely to get the blame. Find out what can be done to prevent tenancies going wrong and retaining your landlord if they do here >
So September has arrived and of course that means that kids go back to school and Parliament and politicians, return to Westminster to resume their travails of leading and legislating.
