Latest News

Ex-Housing Minister calls for changes to landlords Capital Gains Tax

18 April 2019

Former Housing Minister, Dominic Raab has called for Capital Gains Tax (CGT) for landlords to be scrapped on properties up to £35,000 where they have sold the property on to a sitting tenant. Read More...

Bristol City Council to lead on lettings enforcement

18 April 2019

Bristol City Council has been announced as the Lead Enforcement Authority for letting agents operating in England. The new Lead Enforcement Authority follows its counterpart for UK-wide estate agency, which is headed by Powys County Council. Read More...

Government consult on extending AML rules to lettings

16 April 2019

On 15 April 2019, the UK Government launched a consultation on extending the anti-money laundering rules to cover letting agents as set out in the Fifth Money Laundering Directive (5MLD). Read More...

Tenant Fees Bill update

Thursday 24 January 2019

Following its passage in the House of Lords last week, the Tenant Fees Bill passed its final hurdle in Parliament.

The tenant fees ban is now an inevitability, and agents working in England need to continue with their preparations for a post-tenant fees world.

The Bill will receive Royal Assent in the coming weeks, before being passed into law and implemented on 1 June as the Tenant Fees Act 2019.

Commenting on the legislation, Housing Minister Heather Wheeler MP said:

“I know these changes may concern some in the lettings market, but agents who offer good value and high-quality services to landlords, will continue to be in demand and plan an important role in the sector.”

Regional Meetings

If you’ve not done so already, make sure you sign up to your next ARLA Propertymark Regional Meeting where we’ll be hosting sessions on the tenant fees ban.

ARLA Propertymark National Conference

Our annual Conference will be taking place on 2 April at London ExCel, there will be various talks from experts on the ban and what it means for your business. Early bird tickets are now available, and the full agenda can be viewed here

Regulatory Policy Committee report

The Regulatory Policy Committee have also published their opinion on MHCLG’s final stage impact assessment for the Tenants Fees Bill. They say that the Bill is fit for purpose, but call for improvements on the rationale it puts forward for a cap on deposits.