The professional body
for the property sector

Propertymark has highlighted the challenges property agents face when identifying the hidden influence of Designated Persons in transactions. The Office for Financial Sanctions Implementation (OFSI) is examining how the rules are applied in practice, and we’ve been clear that whilst agents are committed to preventing financial crime, the current expectations are often difficult to meet.

Reports have emerged that the Chancellor is considering the introduction of short-term rent controls in England as part of efforts to ease the cost of living. Propertymark recognises the financial pressures facing tenants and the need for the UK Government to act to support households. However, rent controls risk producing unintended outcomes that disadvantage both tenants and landlords.

While much of the attention has focused on tenancy reform, the Act also has a clear knock-on effect for how tenancy deposits are managed – particularly when it comes to end-of-tenancy disputes. Propertymark Industry Supplier, TDS, explains that understanding the impact on deposit deductions, tenant expectations, and evidential requirements will be key to avoiding disputes and ensuring fair outcomes for all parties.