Back to news

Consumer Rights Bill Revised in House of Lords

November 26, 2014 | Landlord News   Uncategorized  

Share this article  

Peers in the House of Lords have voted on Labour’s proposals to ban “sale by tender” transactions, and to ban letting agents from charging tenants fees. The former was rejected, with a vote of 113 in favour and 156 against. The latter was also rejected, with a vote of 123 in favour and 168 against.

Although disappointed by the result, shadow housing minister Emma Reynolds maintains that the “next Labour Government will ban letting agent fees on tenants, end the practice of double charging and improve consumer protection.”

parliament_2

However, one amendment has been proposed that the industry is largely in favour of. In an unexpected move, the Government chose to amend the Bill to require letting agents to display whether they offer client money protection (CMP).

SAFEagent, who have been calling for the mandatory requirement of all letting agents to offer CMP, are very pleased by the move. Chair of the SAFEagent steering group, John Midgley, said, “We are delighted that the Government has made this common sense move and listened to our concerns on the need for financial protection for landlords and tenants.”

They are urging all peers to back the amendment when it is debated next week.

Back to news

You may also be interested in…

Leeds Market Update: September 2020

Landlord News

Sales

11/09/2020

Leeds Market Update: September 2020

Read more  
Breaking News: Stamp Duty Holiday Announced

Landlord News

Sales

08/07/2020

Breaking News: Stamp Duty Holiday Announced

Read more  
New Electrical Safety Standards In The PRS – Important Information For Landlords

Landlord News

01/06/2020

New Electrical Safety Standards In The PRS – Important Information For Landlords

Read more