Rayner makes blistering attack on letting agents
Summary
Housing Secretary Angela Rayner has called for independent regulation of property agents, including licensing, qualifications and enforceable codes of practice. The Ministry of Housing, Communities and Local Government also says it will continue leasehold reforms, including potential caps on certain permission and administrative fees, with a public consultation to follow.
Why it matters
This could materially change the regulatory framework for letting and property management services, affecting how agents are supervised and how fees are charged. Surveyors involved in leasehold, valuation or residential management work may need to track the consultation and any resulting compliance requirements.
Key points
- Government plans independent regulation for property agents
- Licensing and qualifications would be required to operate
- Regulator could set codes of practice and remove licences for non-compliance
- Leasehold reform proposals include caps on certain permission and administrative fees
- A public consultation will consider the scope and level of any caps
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