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No tolerance for HMO failings with huge fines issued
Two separate investigations in Camden and Mansfield involving unlicensed Houses of Multiple Occupation (HMOs) led to sanctions for landlords and agents. West Northamptonshire is the latest council to announce a crackdown on unregulated and poorly managed properties.
New HMO Licensing Scheme in Northern Ireland from 1 April
On 1 April 2019, the Houses in Multiple Occupation Act (Northern Ireland) 2016 comes into force and landlords must have a valid licence for each HMO they own.
Major Universal Credit changes will affect rent payments from April 2025
The Universal Credit Fair Repayment Rate will drop from 25% to 15%, reducing the amount available to service an individual’s monthly debts, including housing payments. Furthermore, the Department for Work and Pensions (DWP) is set to overhaul the system of the automatic deduction of arrears and ongoing rent payments directly from tenants' Universal Credit or other benefits, following a court ruling which deemed the practice unlawful.
TLP helps agents build brand value and reputation
Client accounting goes beyond bookkeeping—it's key to an agent’s reputation. An agent’s brand can take years to build but can be undone in days when something goes wrong. A strong reputation drives referrals and precedes first contact with new clients, landlords, suppliers and prospective staff. A strong local brand helps the agency grows faster and gain more value, so protecting and nurturing it has to be a top priority for any manager or owner.