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KEYWORD "Client Money" - 100 RESULTS
Financial services supremo joins board of safeagent

An executive with four decades of experience in the insurance sector has joined the board of accreditation service safeagent as a...

12 July 2024

From: Breaking News

Lettings agency regulation demanded by PropTech leader

Regulation of lettings and estate agencies must be a priority for the government elected tomorrow, a PropTech entrepreneur demands. Sián Hemming-Metcalfe of...

04 July 2024

From: Breaking News

Pro-regulation Labour veteran takes over industry body leadership

The Property Institute - a body for the residential property management sector - has announced the appointment of a Labour baroness...

04 June 2024

From: Breaking News

Yes to Regulation and No to Rent Controls - Propertymark

Propertymark wants Northern Ireland’s Department for Communities to regulate property agents via professional bodies such as itself. The Department for Communities is...

20 May 2024

From: Breaking News

Get the Rent To Rent house in order, demands Propertymark

Propertymark has come out in support of the National Trading Standards Estate and Lettings Agency Team’s probe into Rent-to-Rent.    NTSELAT has...

17 May 2024

From: Breaking News

Propertymark guide helps tenants complain and challenge rent rises

A new guide from Propertymark explains the rights which private rental tenants have - and sets out how they can challenge...

23 April 2024

From: Breaking News

Banks Closing Pooled Client Accounts - agents urge government action

Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...

13 March 2024

From: Breaking News

New Banking Scandal as thousands of agency accounts are closed

A Parliamentary committee has heard that thousands of small and medium-sized letting agencies were debanked in 2023, with financial institutions forcibly...

11 March 2024

From: Breaking News

High profile supplier restructures and renames

One of the highest profile groups in the private rental sector supplier space - Hamilton Fraser - is restructuring. In future the...

13 February 2024

From: Breaking News

Rental scams could soar as AI spreads, warns industry figure

A prominent industry expert says lettings agents and other property sector insiders should be extra-vigilant over cybersecurity breaches. Neil Cobbold, managing director...

12 February 2024

From: Breaking News

Client Accounting – what are your options?

The benefits for letting agents to outsource their client accounting is well documented, however with an increasing number of options available,...

31 January 2024

From: Sponsored Content

Labour’s backdoor bid to regulate lettings and estate agents at last

Labour is using a Bill currently going through Parliament as a backdoor method to introduce the regulation of lettings, estate and...

19 January 2024

From: Breaking News

Artificial Intelligence and Client Money Security - free webinar tomorrow

Propertymark is hosting a client money security webinar tomorrow lunchtime between 12.30 and 13.30. The webinar will discuss the rise of Artificial...

15 January 2024

From: Breaking News

Neil Cobbold, Managing Director at PayProp UK

Who are you and what does it say on your business card? Neil Cobbold, Managing Director What is PayProp and what does it...

08 January 2024

From: 60 Second Interview

Client money accounting made easy with PayProp

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

26 October 2023

From: Sponsored Content

PropTech service claims to solve client account issues

PropTech supplier Lettspay has launched a new client account banking service for letting agents and property managers in partnership with Griffin...

25 October 2023

From: Breaking News

Propertymark fees remaining the same in 2024

Trade body Propertymark says fees will remain unchanged next year.  “We’d like to thank all our members for their continued commitment to...

20 October 2023

From: Breaking News

Pooled Client Accounts - Government admits problem with banks

It looks as if the government is accepting that there is a problem with how banks treat Pooled Client Accounts -...

09 October 2023

From: Breaking News

Landlords’ and tenants’ money lost in agency administration

Thousands of pounds of landlords’ money may be lost as a result of the administration of high-profile London lettings agency Douglas...

02 October 2023

From: Breaking News

“Heavy Handed Banks” slammed for pooled client account crisis

Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...

28 September 2023

From: Breaking News

PropTech: Client accounting product launched for letting agents

Automated client accounting platform Lettspay is set to launch a new client account banking product for letting agents. The supplier has worked...

19 September 2023

From: Breaking News

Alternative agents trade body to ARLA claims record membership

The UK Association of Letting Agents says it now has a record membership of 1,200. UKALA describes itself as “a professional association...

09 August 2023

From: Breaking News

Client Account Closures - Chancellor urged to stop banking madness

The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...

08 August 2023

From: Breaking News

Avoid the stress of an annual accountants’ report ... by not doing one!

We compare traditional methods of client money account inspections by an accountant to the alternative Client Money HealthCheck. But first, let’s clarify...

04 July 2023

From: Sponsored Content

Six agencies fined thousands for not protecting client money

Six letting agencies across the London borough of Haringey have been fined a total of £12,000 after a council clampdown. Trading Standards...

21 June 2023

From: Breaking News

PropTech may help agents overcome client account crisis - claim

The Guild of Property Professionals says PropTech may be the answer to the ongoing problem with client accounts. Since 2019 many banks...

28 April 2023

From: Breaking News

5 Reasons to outsource your client accounting

As a dedicated letting agent, or estate agent with a lettings portfolio, you already have a lot on your plate. Managing...

18 April 2023

From: Sponsored Content

Trading Standards warning after big fine imposed on agency

Trading Standards is reminding letting agents of their legal obligation to protect money they are holding on behalf of a client...

10 March 2023

From: Breaking News

Got CMP coverage? Best to be sure, as some agencies are getting into a fine mess.

The law is clear – agencies in England, Scotland and Wales need a valid client money protection (CMP) policy to protect...

23 February 2023

From: Sponsored Content

Are Trading Standards officers checking your agency’s website?

Trading Standards officers check for agents’ compliance by scrutinising their websites, it’s being claimed. Agents are being warned to ensure their websites...

20 February 2023

From: Breaking News

Agents Warned: hefty fines if firms found to be non-compliant

A PropTech expert is warning that letting agents can expect hefty fines if they fail to comply with complex Client Money...

16 February 2023

From: Breaking News

Lettings in the spotlight as current and future regulations hit the headlines

We’re only in February and it’s already clear that this year will set the future direction of the private rented sector...

15 February 2023

From: Features

Letting agents don’t get into the business to be accountants! The solution is simple

The Letting Partnership has been helping UK agents build successful lettings businesses since 2006. Despite the current challenging financial landscape, The Letting...

10 February 2023

From: Sponsored Content

Agents contacted about CMP bank account compliance

Property accreditation service safeagent has written to all of its agents in England urging them to check legal requirements when setting...

08 February 2023

From: Breaking News

Auditors to visit branches in person to assess agency compliance

Propertymark auditors are offering in-person visits to branches to improve their compliance.  The trade body says this is in response to demand from...

20 December 2022

From: Breaking News

Banks are closing their doors to Letting Agents

UK banks are closing client accounts held by established letting agents and refusing to open accounts for new businesses. The Problem A growing...

19 December 2022

From: Sponsored Content

“Landmark” CMP ruling sees huge fine for lettings agency

Trading Standards is describing a penalty imposed on a London letting agent as “a landmark” after the company failed to comply...

02 November 2022

From: Breaking News

The insider threat – 5 ways PayProp secures your letting agency

According to the Association of Certified Fraud Examiners, organisations worldwide lose $4.7 trillion to fraud each year, with real estate suffering...

30 September 2022

From: Sponsored Content

Rogue agent database must be expanded insists top industry figure

An accreditation scheme says the government database of rogue letting agents should be expanded.  The government is committed to creating a new Property...

27 September 2022

From: Breaking News

Consumers urged to report non-compliant agents to Citizens Advice

A county council is urging people to complain if they believe letting agents are failing to comply with consumer legislation. Staffordshire county...

11 August 2022

From: Breaking News

Client Accounting - Risks and Rewards of Outsourcing

The two main reasons that an agency decides to outsource are to reduce costs and to have the ability to focus...

01 August 2022

From: Sponsored Content

Warning To Agents - compliance crackdown starting shortly

Fourteen Trading Standards authorities across a swathe of England are embarking on an enforcement project to check lettings agency compliance.  The Central England...

15 July 2022

From: Breaking News

Clifford Thomas – Sales Director at The Letting Partnership

Who are you and what does it say on your business card? Clifford Thomas – Sales Director at The Letting Partnership What is...

06 May 2022

From: 60 Second Interview

Shock figures on banks’ client accounts services to agencies

Shocking figures have emerged regarding the long-running problems caused by banks demanding that agencies have a designated client account for each...

06 May 2022

From: Breaking News

Supplier claims to conquer banks’ designated accounts problem

A PropTech supplier says it’s created a solution to letting agents and landlords who must remain compliant and who want to...

28 April 2022

From: Breaking News

Client Accounting – Why Outsource?

The two main reasons that an agency decides to outsource are: 1.) To reduce costs 2.) To have the ability to focus on...

27 April 2022

From: Sponsored Content

PropTech pledge to agents - this platform is the alternative to a bank

LettsPay, an automated service aiming to simplify the reconciling of tenant rental payments, has won investment from the nurtur.group - the...

21 April 2022

From: Breaking News

Sarah Davies, Commercial Director at The Letting Partnership

Who are you and what does it say on your business card? Sarah Davies, Commercial Director at The Letting Partnership What is The...

21 March 2022

From: 60 Second Interview

Dispelling the myths of client accounting outsourcing.

The rental market shows no signs of slowing with ongoing high demand, fuelled in part by the pandemic, creating a buoyant...

01 March 2022

From: Sponsored Content

myDeposits parent company acquired by big insurance group

Hamilton Fraser, well known as a provider of insurance products and services to letting agents and landlords, has been acquired by...

22 February 2022

From: Breaking News

Trading Standards to stage unannounced letting agency visits

A Trading Standards team is to carry out what it calls “unannounced inspections” of lettings agencies in one part of London...

13 January 2022

From: Breaking News

How can letting agents improve their reputation?

How can agents improve their position in society? A report has been published following a roundtable discussion between prominent agency figures...

14 December 2021

From: Breaking News

Rogue agents in firing line as councils get enforcement kit

Effective enforcement is crucial to stamp out rogue lettings agents and protect consumers says safeagent. In the latest edition of its Effective...

30 November 2021

From: Breaking News

Property Management Software: Top tips for busy letting agents

During the last year, the industry has experienced a rollercoaster of highs and lows as agents experienced rental peaks, stock shortages,...

24 November 2021

From: Sponsored Content

Trade body rival to ARLA reports another boost in membership

The UK Association of Letting Agents - a trade body rival to ARLA Propertymark - says it’s seen “a robust membership...

25 May 2021

From: Breaking News

Rival lettings agency trade group reveals membership surge

A rival trade body to the Association of Residential Letting Agents has announced what it calls “a robust membership result.” The UK...

30 April 2021

From: Breaking News

Client Money Protection bank deadline nears, agents warned

Letting agents have only 10 days to open segregated client accounts or they could face being expelled by their client money...

22 March 2021

From: Breaking News

Big fine for London agency without Client Money Protection

A lettings agency in central London has been issued with a fine for not belonging to a Client Money Protection scheme. The...

17 March 2021

From: Breaking News

Exploded! Five myths about apprentices in the lettings sector

One of the lettings industry’s most prominent suppliers says it’s dispelled five myths surrounding the employment of apprentices.  The Letting Partnership insists apprentices...

05 March 2021

From: Breaking News

Clampdown on letting agents backed by local councils

A huge trading standards operation clamping down on lettings agents who fail to abide by Client Money Protection rules has been...

25 February 2021

From: Breaking News

Huge crackdown on letting agents failing to honour CMP laws

A clampdown on letting agents who fail to safeguard landlords’ and tenants’ money is now underway.  A statement from the National Trading Standards...

24 February 2021

From: Breaking News

Trading Standards urges agents to watch out for scams

The National Trading Standards Estate and Letting Agents Team is appealing to the industry to be eagle-eyed for scams. This follows the...

22 February 2021

From: Breaking News

700,000 tenants in arrears by the end of 2021 warns supplier

There could be 700,000 private tenants in arrears by the end of this year - an unsustainable burden on agents and landlords,...

11 February 2021

From: Breaking News

Letting agents should be proud of their role, urges industry supplier

Letting agents should stand proud of their record helping both landlords and tenants, especially in these more difficult times. That’s the view...

14 January 2021

From: Breaking News

Over 10 agencies a week closing down, claims protection scheme

One of the government’s approved client money protection schemes claims over 10 lettings agencies a week are closing. Client Money Protect makes the...

03 December 2020

From: Breaking News

Agencies should review banking and payments - PropTech chief

Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...

20 November 2020

From: Breaking News

Revealed - why some landlords do not use letting agents

Light has been shed at last on the long-running uncertainty about why some landlords choose to use lettings agents and some...

12 October 2020

From: Breaking News

Banks Red Tape: Breakthrough for agents on Pooled Client Accounts

ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...

10 September 2020

From: Breaking News

Anti-Money Laundering: ARLA worry over agents’ responsibilities

ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...

16 June 2020

From: Breaking News

Filing business accounts on time is key even through crisis, says ARLA

The Association of Residential Letting Agents is advising member companies to file their accounts on time in order to remain transparent...

03 April 2020

From: Breaking News

Agent censured as council audits other firms over rental deposits

A former letting agent has been censured over the handling of tenancy deposits following an investigation by a local council. Andrew Rhys...

10 February 2020

From: Breaking News

Agency compensates tenants and landlords after employee’s scam

Martin & Co says it has compensated clients fully after a rogue lettings agent in Cornwall added sums to invoices sent...

04 November 2019

From: Breaking News

Three rogue lettings agents expelled by The Property Ombudsman

The Property Ombudsman has expelled three lettings agencies from its scheme because of unpaid awards to landlord clients. The first is Kingsman...

24 October 2019

From: Breaking News

Best agents should demonstrate  compliance to expose rogue operators

A call has been made for the best letting agencies and other rental sector professionals to show how they comply with...

01 October 2019

From: Breaking News

Trading Standards crackdown finds most agency websites illegal

A crackdown on letting agency websites by a Trading Standards team has found the significant majority of them to be breaking...

30 September 2019

From: Breaking News

Shock claim that one-in-five agents still have no Client Money Protection

An estimated 20 per cent of letting agents have still not signed up for a Client Money Protection scheme, six months...

27 September 2019

From: Breaking News

Professional client account solutions for modern letting agents

Professional client account solutions for modern letting agents Letting agents will need to come up with new ways to manage client money...

05 September 2019

From: Sponsored Content

Agent's fury at three month delay in getting proof of CMP policy

A lettings agent says she has just spent three months trying to get evidence of her Client Money Protection policy -...

22 August 2019

From: Breaking News

Bank client account changes: Agents urged to have a Plan B

A leading industry figure is calling on agents to have a Plan B ready if their bank closes undesignated client accounts.  This...

21 August 2019

From: Breaking News

Revealed: revolutionary proposals for agency regulation, licensing and training

The government has published proposals for far-reaching changes to the way estate and letting agents are regulated, trained and licensed. The proposals...

18 July 2019

From: Breaking News

ONE WAY TO BEAT THE INDUSTRY BLUES

 – use technology to build a trusted brand as a people-focused custodian of client money Non-stop regulatory changes in the industry are...

01 July 2019

From: Sponsored Content

Rogue lettings agency coughs up £16,000 it owes - on TV

Two landlords will this evening be seen securing the £16,000 they are owed by a rogue lettings agent - and TV...

10 June 2019

From: Breaking News

Expelled! Seven rogue letting agents kicked out of Ombudsman scheme

Seven agencies have been expelled from membership of The Property Ombudsman after failing to pay compensation awards made by TPO. All are...

03 June 2019

From: Breaking News

National Approved Letting Scheme rebrands as safeagent

The National Approved Letting Scheme has rebranded as safeagent.  NALS has helped coordinate the safeagent campaign since 2011, focussing during that time...

20 May 2019

From: Breaking News

Lettings reform: major announcements soon, says government

A housing minister has pledged that more key reforms for the private rental sector will be revealed soon, despite Brexit political...

03 April 2019

From: Breaking News

‘CMP will protect clients from agents that go under after Fees Ban’

The mandatory Client Money Protection scheme membership that comes into effect today will protect landlords and tenants from letting agents that...

01 April 2019

From: Breaking News

Five CMP providers but government says more may be approved

The government says it is still considering applications to operate Client Money Protection schemes from April, despite approving five schemes so...

13 March 2019

From: Breaking News

Client Money Protection: more providers win government approval

Propertymark’s Money Shield service and the National Approved Letting Scheme have each received government approval to operate Client Money Protection schemes. From...

27 February 2019

From: Breaking News

'Total loss' client money protection is latest to win government backing

Another client money protection scheme has been given approval to launch itself before regulations go live on April 1.  From that date...

21 February 2019

From: Breaking News

First Client Money Protection scheme wins approval ahead of deadline

Client Money Protect has gained formal government approval to operate a client money protection scheme when the regulations go live on...

20 February 2019

From: Breaking News

Agency hit with fine after failing to give fees, redress and CMP information

A letting agent in east London has been fined £4,000 after apparently publishing the incorrect fees that it levies on tenants...

08 February 2019

From: Breaking News

PropTech can help prevent fraud – here’s how

Sometimes, running a lettings agency can feel as if you’re losing control of client money. Recent cases of property management fraud such...

07 February 2019

From: Sponsored Content

'Use more than one lettings agent to cut risk' landlords advised

New rules to protect rent paid by tenants to letting agents will fail to provide adequate protection for landlords, a trade...

07 December 2018

From: Breaking News

New Client Money Protection service launched for managing agents

The Association of Residential Managing Agents has launched a first-of-its-kind Client Money Protection to members.  Although CMP schemes are to be mandatory...

18 October 2018

From: Breaking News

'Name and shame rip-off agents' demand Trading Standards and NALS

Trading Standards departments in London are asking renters to name and shame letting agents who are not complying with the law...

13 September 2018

From: Breaking News

Mystery as established agent goes to ground owing furious clients thousands

A letting agent operating in Cambridgeshire has seemingly 'gone to ground', owing landlords and tenants thousands of pounds. Frank Smart, who has...

10 September 2018

From: Breaking News

Fraud probe launched against agent which owes thousands to clients

The police have launched a fraud probe against a Norfolk estate agency which closed in June.  The Eastern Daily Press (EDP) reports...

04 September 2018

From: Breaking News

Mandatory CMP: PRS and CMProtect taking 'joined up' approach

The parent company of The Property Redress Scheme (PRS) says its group companies will be taking a more 'joined up' approach...

03 September 2018

From: Breaking News

Client Money Protection scheme launched by Propertymark

Propertymark has launched a new Client Money Protection system, Money Shield, with a support statement from much of the lettings sector...

23 August 2018

From: Breaking News

New guidance on setting up Client Money Protection schemes

The government has produced new guidelines on setting up client money protection schemes for the private rented sector. They are evidently aimed...

31 July 2018

From: Breaking News

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