starts today
May 27, 2015
It starts today.
The Consumer Rights Act has made it a legal requirement for all lettings agents in England to display details of all fees and charges on websites and in offices from 27 May.
Agents also need to display whether or not they are a member of a client money protection scheme along with details of the redress scheme that they belong to.
A holding deposits guide is available for agents and tenants to help explain when holding deposits may be taken, the process the agent should carry out, what information should be provided to the tenant and the fees the agent must justify if they are making a deduction from the holding deposit.
For further details go to: https://www.theprs.co.uk/Resource/AgentResource/10
You May Also Enjoy
Isle of Wight best sun-seeking hotspot for homebuyers
Isle of Wight ranks as most affordable sun-seeking hotspot for homebuyers The latest research from over-50s property specialists, Regency Living, reveals that in the UK’s sunniest county, homebuyers are paying an average of £835 for every minute of daily sunshine. For some homebuyers, living in a place that offers warm weather and sunshine is a…
Read More 
Coast to city cuts property values by £4,300 per minute
Commuting from coast to city can save homebuyers as much as £4,300 per minute New research from Yopa, the full-service estate agents, has revealed where the nation’s homebuyers can secure a coastal lifestyle whilst also remaining within commutable distance of a major city, saving themselves hundreds of thousands of pounds in the process. Yopa analysed…
Read More 
Time is running out’ for property industry to take web accessibility seriously
Leading expert ahead of June 2025 regulation overhaul says ‘Time is running out’ for the property industry to take web accessibility seriously. Leading digital accessibility expert urges property sector to ‘act now’ ahead of June 2025 regulation overhaul He warns that web accessibility and inclusivity should be part of a long-term strategy and shouldn’t be…
Read More 
Renters’ Rights Bill parliamentary progress
The Renters’ Rights Bill has completed its Committee Stage in the House of Lords and will move on to the Report Stage imminently. Allison Thompson, National Lettings Managing Director of LRG, comments on the progress of the Bill: “As the Renters’ Rights Bill completes its committee stage in the House of Lords, it is disappointing…
Read More 
Housing Market Surges as Stamp Duty Changes Drive Buyer Activity
UK Finance today releases its latest Household Finance Review for Q1 2025, which explores trends in household spending, saving, and borrowing. Mortgage lending surged in the first quarter of 2025, driven by homebuyers seeking to complete purchases before changes to Stamp Duty took effect in April. Household savings continued to grow, particularly in notice accounts…
Read More 
Mortgage Approvals Down in April
The latest figures show that: – Mortgage approvals on house purchases for April sat at 60,463 down (-4.9%) from 63,603 in March. This signals four consecutive months of decline. Approvals are also lower (-2.1%) than the 61,740 seen in April 2024. Despite the decline, there is still optimism for growth in the coming months, especially…
Read More