New Reporting Obligations Additional financial reporting obligations come into force for letting agents on 14 May 2025. These changes, form part of what will be extended anti-money laundering rules (AML), have been introduced by HM Treasury Office of Financial Sanctions Implementation (OFSI). The changes mean that, as “relevant firms”, letting agents (who carry out “letting …
Read more >The most recent statistical analysis of the work and the case load of the First-tier Tribunal: Housing and Property Chamber (HPC) which covers the period 1 April 2022 to 31 March 2023 has been released recently and makes interesting reading. The full publication can be found here. What volume of cases were received? The HPC …
Read more >Hard as it may seem to believe, we find ourselves now a quarter-way through the 21st Century. If you can cast your mind all the way back to the year 2000, you may remember the first of many summers dominated by the new reality show Big Brother. Perhaps you were listening to Coldplay’s first album. …
Read more >Finding your dream home online and discovering that the property agent either deliberately or unintentionally may have misled you by not providing accurate information of both the inside and outside can be a common frustration for tenants. Fortunately, earlier this year, Propertymark worked with The Property Ombudsman and Warwickshire County Council Trading Standards Service to …
Read more >We have previously blogged on the terms of the Housing (Scotland) Bill (the Bill) as presented at stage 1 of its progress through the Scottish Parliament. The previous blogs can be found here and here. And whilst the parliamentary debate on stage 1 of the Bill only took place on 28 November 2024, the Scottish …
Read more >One key aspect of the Housing (Scotland) Bill, introduced in the Scottish Parliament in spring 2024, was the proposed rent controls and rent increase restrictions within the Private Rented Sector. The proposals raised concerns amongst private landlords in terms of their ability to cover rising costs, including those associated with maintenance, energy, costs and inflation. …
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