The Government have announced their intention to bring forward a single regulator to deal with housing complaints, whether it be sales/letting/leasehold or new builds. For the private rented sector, there will be a requirement for ALL private landlords to join (estimated joining fee £110) or face a fine of up to £5000. There is not a commencement date, but we would expect this to happen sometime in 2020. This will likely lead to the start of having a national landlord database, mandatory qualifications for all property professionals and ensuring compliance is met.
PROPOSAL FOR SINGLE REGULATOR
by cwdevelopment | Feb 5, 2019 |