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...

Welsh Tenant Fees Ban passes through the Welsh Assembly

Thursday 28 March 2019

Following its passage in the Senedd last week, on 27 March 2019 the Renting Homes (Fees etc) (Wales) Bill passed its final hurdle (Stage 4) in the Welsh Assembly. There were 42 for, no abstentions and one against.

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

The Welsh Government believe that the Renting Homes (Fees etc.) (Wales) Bill will make things "simpler and fairer for tenants", as it will:

  • provide a regulation-making power to limit the level of security deposits
  • ensure tenants are no longer charged for an accompanied viewing, receiving an inventory, signing a contract, or renewing a tenancy
  • cap holding deposits to reserve a property before the signing of a rental contract to the equivalent of a week’s rent and create provisions to ensure their prompt repayment
  • create a clear, simple and robust enforcement regime for when offences occur
  • permit letting agents and landlords to only charge fees relating to rent, security deposits, holding deposits, or when a tenant breaches a contract

The Bill will receive Royal Assent in the coming weeks, before being passed into law and implemented in Autumn 2019.

Opening the debate, Housing and Local Government Minister, Julie James AM said:

“Subject to the passage of the Bill through this final stage and subject to Royal Assent being granted, I intend for the Act to be commenced by the autumn. At that point, we will have in place an Act making renting more attractive, an Act that will reduce the up-front costs of renting to a minimum, and an Act that has robust restrictions and enforcement arrangements in place to further address the behaviour of rogue agents and landlords.”

To find out more about the new law attend one of our Regional Meetings. The North Wales Regional Meeting takes place on 10 June with spaces filling up fast, make sure to book your place.

North Wales Regional Meeting

We will be updating the Renting Homes (Fees etc.) (Wales) Bill Fact Sheet, which will be made available when the Bill receives Royal Assent.