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Displaying 86 results
AML written on wooden blocks next to a piles of coins
17 Apr 2024
Over 250 agents fined for AML non-compliance

HM Revenue and Customs (HMRC) has announced that fines totalling over £1.6 million have been issued for a variety of breaches including missing documentation, incomplete due diligence, and failures to recognise specific risks, such as Politically Exposed Persons, high risk jurisdictions, companies, trusts and sanctions.

Penalty notice written on wooden blocks in office
04 Apr 2024
Rogue agents face stiff penalties for flouting property rules

Letting agents and landlords who disregard safety and licensing laws are increasingly facing action from authorities determined to crack down on poor practices and protect renters. Propertymark works hard to regulate our members and make sure consumers know how to access a professional agent. Our members demonstrate their commitment to working to higher standards than the law requires, and have access to training, CPD, and compliance support to ensure both they and their businesses are up to date with relevant standards and legislation.

FAQ Economic Crime and Corporate Transparency Act 2023.jpg
04 Mar 2024
FAQs: Economic Crime and Corporate Transparency Act 2023

After the invasion of Ukraine, the UK Government took steps to address growing concerns of money laundering and other economic crime from Russian and foreign entities operating in the UK or with UK companies. This led to the introduction of the Economic Crime (Transparency and Enforcement) Act in March 2022.

Bedroom in a state of disrepair
12 Jan 2024
Hazard repair failures lead to fines for landlord

Watford Council prosecuted the self-managing landlord for failure to put things right after an inspection discovered conditions in the property posed a severe health risk to the tenants.

Gavel housing court law.jpg
09 Jan 2024
Court rules Section 21 invalid without Gas Safety Certificate

Underscoring the obligation for letting agents or landlords provide a record to tenants immediately after any gas safety check, the ruling highlights it’s not just in cases of new gas appliance installation or within the initial twelve months of a tenancy. Failing to do this could have serious consequences for regaining possession of the property.

Man holding head on sofa
02 Jan 2024
Home improvement scam alert

Property agents should be aware of potential risks and help educate their clients and tenants to be on the lookout for common scams, especially with growing awareness that decarbonising homes is on the UK Government's agenda.

The Property Ombudsman (TPO).jpg
15 Dec 2023
Two firms expelled by The Property Ombudsman

The companies were ejected after failing to pay compensation to consumers, bringing the total number of expulsions in 2023 to 13, down from 18 in 2022. Both businesses were referred to The Property Ombudsman (TPO) Compliance Committee, which ruled that they should be excluded from the scheme.

Student group walking outside of college
21 Nov 2023
Student landlord hit by £43,000 in licensing fees

Middlesborough Council who issued the charges has defended it by saying each of the 52 flats in Linthorpe Hall 248 are eligible for the fee under their current selective licensing scheme, which began in 2019.

Legal gavel and scales on a desk
03 Oct 2023
Property court to join new unified tribunal system

A Welsh Government White Paper has set out plans to consolidate nine devolved tribunals into a single coherent system which includes both First-Tier and Appeal tribunals. The reforms are intended to create a structure that is easier for users to navigate, allows better management of cases, and more effective use of resources.

Blue To let board sign
21 Sep 2023
Agency fined for managing an unlicensed property

A property management and letting agency in Enfield received a £7,500 fine and was ordered to pay £1,299 in costs with an additional £2,000 victim surcharge (a total of £10,799), during a recent sentencing hearing at Highbury Corner Magistrates Court.

Helpline FAQ, Sex offenders register.jpg
06 Sep 2023
Letting to tenants on the Sex Offenders Register

Laws regarding renting to individuals on the sex offenders register can be a minefield but landlords may have the legitimate right to consider an applicant's criminal history when making decisions about renting a property.

Helpline FAQ, Handcuffed.jpg
06 Sep 2023
Tenant imprisonment

The ability of one tenant to remain in occupation when another tenant is imprisoned can depend on several factors, including the specific terms of the tenancy agreement and the relationship between the tenants.

Helpline FAQ, Money laundering.jpg
06 Sep 2023
What Anti-Money Laundering procedures are letting agents responsible for?

Letting agents who deal with properties that have monthly rents equivalent to €10,000 or more have responsibilities under Anti-Money Laundering (AML) regulations to prevent their services from being used for money laundering or terrorist financing activities.

Ealing Fines.jpg
04 Sep 2023
Unscrupulous landlords face fines exceeding a quarter of a million pounds

The two unconnected cases have resulted in penalties for failing to follow planning rules and ignoring instructions from Ealing Council's planning enforcement team and if the fines aren't paid within three months, the landlords risk a prison sentence.

To let board sign
11 Jul 2023
No hiding for agencies that don’t have client money protection

Fines totalling £12,000 have been handed out to six letting agents in the London Borough of Haringey after a crackdown by Trading Standards.

Licensing in neon sign writing
10 Jul 2023
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.

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