Government announces Client Money Protection will be mandatory

Today we heard the news that Government intends to make Client Money Protection mandatory for all letting agents. Isobel Thomson, NALS CEO, responds: “NALS is delighted that finally this consumer protection measure will be become a requirement for all agents. It has been a long time coming but Government listened to the sector who were […]

NALS responds to Client Money Protection Review

Commenting on the publication of the Client Money Protection Review, Isobel Thomson, CEO, NALS, said: “There is now clear support across the private-rented sector for mandatory Client Money Protection and we fully endorse the Review’s findings that a coherent implementation is now necessary. “The Review concludes that agents will not have to source their CMP […]

Government timetable for fee ban leaves no time for CMA review

CMA review into fees and charges in the PRS will not take place before fee ban The speed with which Government is working to in order to ban letting agent fees does not leave time for the Competition and Markets Authority (“CMA”) to undertake a review into the market, according to the Fair Fees Forum. […]

Industry is waiting, it’s time for Government to act

Government must act now end the confusion and uncertainty in the private rented sector and ensure it functions properly for all, says the National Approved Letting Scheme. As the Budget approaches, and industry continues to wait for the Government’s consultation on fees, NALS is asking Government to look again at key areas for the sector: […]