The Department for Communities and Local Government (DCLG) has published a call for evidence: ‘Protecting consumers in the lettings and managing agent market’.
It seeks views on whether there needs to be an overhaul of regulation in the property agent market. DCLG is also considering measures that will empower leaseholders by making it easier for them to choose and switch agents, potentially reducing costs.
This is a welcome opportunity to address concerns about managing agents. Members will have different perspectives on this issue – those practising conveyancing may have concerns about:
- the costs and timing of providing information for buyers, and;
- delays in providing consents to remove restrictions registered at HM Land Registry.
The consultation closes on 29 November.