Archive

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

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

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

A government minister has pledged to act on the threat to lettings agents posed by banks acting against pooled client accounts. Many...

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

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

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

Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents.  The trade body...

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

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

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

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

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

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

ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...