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MSE News: Letting agents risk being 'property's Wild West'

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"A clampdown on the lettings sector is needed to stop rogue agents ripping off tenants..."

Comments

  • Turnbull2000
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    There's no chance of regulation under the current government. They've stated time and time again that self-regulation and enforcement of existing rules is the way forward.

    The only hope you've got is Labour take up government in 2015 and stick to their own pledges on private rentals.
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  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
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    "Risk being...". Clearly written by somebody with no recent experience of letting agents. Utter scum the lot of them.
  • tbs624
    tbs624 Posts: 10,816 Forumite
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    See also http://forums.moneysavingexpert.com/showthread.php?t=4255533

    See post 4 in that thread for the deadlines.

    Why not share your experience of unregulated LAs with your local MP, whether as a T or as a LL - https://www.theyworkforyou.com
  • juslookin
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    After leaving Winchester in 1996 with my rental deposit PLUS five year's interest from a good LL, I wrote to Bob Russell, then MP of my new town, asking for help to roll-out a similar mandatory scheme to all LL & Agents. He took my request seriously and furthered the suggestion in the right areas pushing until the current Rent Deposit Scheme came about. Pity it's not mandatory but it was well worth contacting him. It's the powerlessness of renting that gets me down. I invariably feel second-class. Here's hoping for changes sooner rather than later.
  • tbs624
    tbs624 Posts: 10,816 Forumite
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    Welcome as a newbie poster juslookin - thanks for your contribution to the thread :smiley:
  • CIS
    CIS Posts: 12,260 Forumite
    Name Dropper First Post First Anniversary
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    There are a lot of useless and incompetent agents (although many are very good) and you wonder what they get paid for.

    I deal with letting agents every day and the number who don't even have a clue who they let a property to (or give you wrong information) is appalling - the helpful suggestion is usually to 'call the owner' , which rather beats the point.
    I no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.
  • whalster
    whalster Posts: 397 Forumite
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    As Juslookin says there are a lot of good news stories out there Mainly un reported The private landlord community must get together more I have a handlover in the morning from a young couple who have been with me for nearly 4 years it was their first house together. They have moved further down south with work and the first thing they said when calling last week was not being able to find another private landlord and being shocked but trapped by the agent fees they had to pay , I hear this time and time and time again .
    All anyone needs is fairness
  • Meatballs
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    'Two-thirds said they did not receive an inventory.'

    Isn't this to the benefit of the tenant though? No proof of initial condition should make it difficult to prove damage and therefore take deductions from the deposit.
  • lindatrix
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    landlords use letting agents too.. and pay fees which can seem too much for the service received.. the term ..money for old rope ... perhaps there should be something on mse ...
    not all landlords are wealthy property developers...
This discussion has been closed.
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